UBS Group AG Sells 23,251 Shares of First Trust Indxx NextG ETF $NXTG

UBS Group AG trimmed its holdings in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,208 shares of the company’s stock after selling 23,251 shares during the quarter. UBS Group AG’s holdings in First Trust Indxx NextG ETF were worth $16,726,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NXTG. Russell Investments Group Ltd. increased its position in First Trust Indxx NextG ETF by 1,966.7% during the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after acquiring an additional 236 shares during the period. Geneos Wealth Management Inc. increased its position in First Trust Indxx NextG ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after acquiring an additional 434 shares during the period. Sound Income Strategies LLC bought a new position in First Trust Indxx NextG ETF during the fourth quarter worth about $102,000. JPMorgan Chase & Co. increased its position in First Trust Indxx NextG ETF by 16.9% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after acquiring an additional 169 shares during the period. Finally, Spire Wealth Management increased its position in First Trust Indxx NextG ETF by 242.0% during the fourth quarter. Spire Wealth Management now owns 1,508 shares of the company’s stock worth $163,000 after acquiring an additional 1,067 shares during the period.

First Trust Indxx NextG ETF Stock Performance

NASDAQ:NXTG opened at $143.93 on Wednesday. First Trust Indxx NextG ETF has a 52 week low of $89.76 and a 52 week high of $146.92. The firm has a market cap of $532.54 million, a price-to-earnings ratio of 22.81 and a beta of 0.99. The firm’s 50-day simple moving average is $121.92 and its 200 day simple moving average is $114.50.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.2317 per share. This represents a $0.93 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Indxx NextG ETF Profile

The First Trust IndXX NextG ETF (NXTG) is an exchange-traded fund that is based on the Indxx 5G & NextG Thematic index. The fund tracks a tiered-weighted index of global equities related to next generation digital cellular technologies. NXTG was launched on Feb 17, 2011 and is managed by First Trust.