Migdal Insurance & Financial Holdings Ltd. Sells 2,614 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

Migdal Insurance & Financial Holdings Ltd. cut its stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 17.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,261 shares of the company’s stock after selling 2,614 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust Indxx NextG ETF were worth $1,046,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameritas Advisory Services LLC increased its holdings in shares of First Trust Indxx NextG ETF by 7.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock valued at $464,000 after acquiring an additional 358 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of First Trust Indxx NextG ETF during the third quarter valued at $44,000. Private Advisor Group LLC increased its holdings in shares of First Trust Indxx NextG ETF by 2.3% during the third quarter. Private Advisor Group LLC now owns 44,147 shares of the company’s stock valued at $3,856,000 after acquiring an additional 998 shares in the last quarter. Spire Wealth Management bought a new position in shares of First Trust Indxx NextG ETF during the fourth quarter valued at $151,000. Finally, Prospera Financial Services Inc increased its holdings in shares of First Trust Indxx NextG ETF by 38.6% during the third quarter. Prospera Financial Services Inc now owns 6,783 shares of the company’s stock valued at $593,000 after acquiring an additional 1,889 shares in the last quarter.

First Trust Indxx NextG ETF Price Performance

First Trust Indxx NextG ETF stock opened at $87.55 on Friday. First Trust Indxx NextG ETF has a one year low of $73.37 and a one year high of $88.84. The stock has a market capitalization of $372.09 million, a PE ratio of 18.31 and a beta of 0.89. The business’s fifty day moving average is $86.32 and its 200 day moving average is $85.44.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.4269 per share. The ex-dividend date was Friday, December 13th.

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.