Stifel Financial Corp Sells 3,079 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

Stifel Financial Corp lowered its holdings in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,817 shares of the company’s stock after selling 3,079 shares during the period. Stifel Financial Corp’s holdings in First Trust Indxx NextG ETF were worth $3,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation N.A. bought a new stake in First Trust Indxx NextG ETF in the second quarter valued at about $33,000. First Horizon Advisors Inc. bought a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at approximately $44,000. CoreCap Advisors LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 2nd quarter worth approximately $351,000. Banco Santander S.A. boosted its stake in First Trust Indxx NextG ETF by 65.5% in the 2nd quarter. Banco Santander S.A. now owns 5,510 shares of the company’s stock valued at $451,000 after buying an additional 2,180 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in First Trust Indxx NextG ETF by 41.4% during the third quarter. Arkadios Wealth Advisors now owns 6,699 shares of the company’s stock worth $585,000 after acquiring an additional 1,961 shares in the last quarter.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ:NXTG opened at $86.47 on Wednesday. The company’s fifty day moving average is $86.10 and its 200-day moving average is $84.52. First Trust Indxx NextG ETF has a 52 week low of $73.37 and a 52 week high of $88.84. The company has a market capitalization of $380.47 million, a PE ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.4269 per share. The ex-dividend date of this dividend is Friday, December 13th.

First Trust Indxx NextG ETF Company 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.