Commonwealth Equity Services LLC Has $2.34 Million Stock Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Commonwealth Equity Services LLC lessened its stake in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,407 shares of the company’s stock after selling 182 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Trust Indxx NextG ETF were worth $2,338,000 at the end of the most recent reporting period.

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

First Trust Indxx NextG ETF Stock Performance

First Trust Indxx NextG ETF stock opened at $86.66 on Thursday. First Trust Indxx NextG ETF has a 52 week low of $73.37 and a 52 week high of $91.29. The stock has a market capitalization of $350.95 million, a P/E ratio of 21.42 and a beta of 0.86. The stock has a fifty day moving average of $87.78 and a 200-day moving average of $86.66.

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.