Royal Bank of Canada Acquires 13,201 Shares of First Trust Indxx NextG ETF $NXTG

Royal Bank of Canada boosted its holdings in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 19.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,842 shares of the company’s stock after acquiring an additional 13,201 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Indxx NextG ETF were worth $8,936,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. lifted its position in shares of First Trust Indxx NextG ETF by 54.9% during the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock worth $13,490,000 after purchasing an additional 46,139 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of First Trust Indxx NextG ETF by 12.5% in the second quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock worth $7,113,000 after purchasing an additional 8,095 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of First Trust Indxx NextG ETF by 1.1% in the first quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock worth $7,240,000 after purchasing an additional 681 shares during the last quarter. Susquehanna International Group LLP increased its stake in First Trust Indxx NextG ETF by 183.1% in the 3rd quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock worth $4,557,000 after buying an additional 28,455 shares during the period. Finally, Stifel Financial Corp increased its stake in First Trust Indxx NextG ETF by 1.9% in the 4th quarter. Stifel Financial Corp now owns 32,508 shares of the company’s stock worth $3,503,000 after buying an additional 620 shares during the period.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG opened at $152.51 on Monday. First Trust Indxx NextG ETF has a 1-year low of $97.94 and a 1-year high of $167.58. The company has a 50-day moving average of $151.39 and a 200 day moving average of $133.64. The firm has a market capitalization of $564.29 million, a price-to-earnings ratio of 22.81 and a beta of 1.04.

First Trust Indxx NextG ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.5768 per share. This represents a $2.31 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, June 25th.

About First Trust Indxx NextG ETF

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.