Concentrum Wealth Management Sells 595 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

Concentrum Wealth Management decreased its stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,272 shares of the company’s stock after selling 595 shares during the period. First Trust Indxx NextG ETF makes up 0.8% of Concentrum Wealth Management’s investment portfolio, making the stock its 22nd largest holding. Concentrum Wealth Management owned approximately 0.59% of First Trust Indxx NextG ETF worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of First Trust Indxx NextG ETF by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 71,405 shares of the company’s stock worth $6,090,000 after acquiring an additional 2,819 shares during the period. Riverchase Wealth Management LLC purchased a new stake in First Trust Indxx NextG ETF in the fourth quarter worth $275,000. Morey & Quinn Wealth Partners LLC bought a new position in First Trust Indxx NextG ETF in the fourth quarter worth $410,000. Creative Financial Designs Inc. ADV lifted its position in First Trust Indxx NextG ETF by 4.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,915 shares of the company’s stock valued at $675,000 after buying an additional 356 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of First Trust Indxx NextG ETF by 7.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,588 shares of the company’s stock valued at $306,000 after buying an additional 263 shares in the last quarter.

First Trust Indxx NextG ETF Price Performance

Shares of NASDAQ NXTG opened at $77.43 on Monday. The stock has a market cap of $313.59 million, a P/E ratio of 21.42 and a beta of 0.89. First Trust Indxx NextG ETF has a 1 year low of $73.37 and a 1 year high of $91.29. The firm has a 50-day moving average of $87.26 and a 200 day moving average of $86.60.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.0804 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%.

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.