First Trust Indxx NextG ETF (NASDAQ:NXTG) Position Lessened by Avantax Advisory Services Inc.

Posted by Tyrone Williams on Mar 14th, 2025

Avantax Advisory Services Inc. trimmed its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG – Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,309 shares of the company’s stock after selling 2,524 shares during the period. Avantax Advisory Services Inc. owned about 2.45% of First Trust Indxx NextG ETF worth $8,897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NXTG. Raymond James Financial Inc. purchased a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter worth $7,067,000. Benjamin Edwards Inc. bought a new position in First Trust Indxx NextG ETF during the third quarter valued at about $4,600,000. Flow Traders U.S. LLC bought a new position in First Trust Indxx NextG ETF during the third quarter valued at about $1,749,000. Strategic Financial Concepts LLC bought a new position in First Trust Indxx NextG ETF during the fourth quarter valued at about $950,000. Finally, International Assets Investment Management LLC bought a new position in First Trust Indxx NextG ETF during the fourth quarter valued at about $630,000.

First Trust Indxx NextG ETF Price Performance

NASDAQ NXTG opened at $85.69 on Friday. First Trust Indxx NextG ETF has a fifty-two week low of $73.37 and a fifty-two week high of $91.29. The stock’s 50-day moving average is $87.39 and its two-hundred day moving average is $86.49. The firm has a market cap of $355.61 million, a P/E ratio of 21.52 and a beta of 0.86.

First Trust Indxx NextG ETF Profile

(Free Report)

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.