Royal Bank of Canada Grows Stake in First Trust Indxx NextG ETF $NXTG

Royal Bank of Canada boosted its stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTGFree Report) by 19.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,842 shares of the company’s stock after acquiring an additional 13,201 shares during the quarter. Royal Bank of Canada owned about 2.16% of First Trust Indxx NextG ETF worth $8,936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in shares of First Trust Indxx NextG ETF by 12.3% in the 1st quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock worth $811,000 after purchasing an additional 1,047 shares during the period. JPMorgan Chase & Co. increased its position in shares of First Trust Indxx NextG ETF by 16.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after purchasing an additional 169 shares during the last quarter. Bank of America Corp DE raised its holdings in First Trust Indxx NextG ETF by 12.5% during the 2nd quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock valued at $7,113,000 after buying an additional 8,095 shares during the period. Geneos Wealth Management Inc. raised its holdings in First Trust Indxx NextG ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 434 shares during the period. Finally, First Trust Advisors LP lifted its position in First Trust Indxx NextG ETF by 4.6% in the third quarter. First Trust Advisors LP now owns 12,298 shares of the company’s stock worth $1,273,000 after buying an additional 538 shares during the last quarter.

First Trust Indxx NextG ETF Price Performance

NASDAQ NXTG opened at $152.51 on Monday. First Trust Indxx NextG ETF has a 52 week low of $97.94 and a 52 week high of $167.58. The firm has a market capitalization of $564.29 million, a price-to-earnings ratio of 22.81 and a beta of 1.04. The company has a fifty day moving average of $151.39 and a two-hundred day moving average of $133.64.

First Trust Indxx NextG ETF Increases Dividend

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

About First Trust Indxx NextG ETF

(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.

See Also

Want to see what other hedge funds are holding NXTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Indxx NextG ETF (NASDAQ:NXTGFree Report).

Institutional Ownership by Quarter for First Trust Indxx NextG ETF (NASDAQ:NXTG)

Receive News & Ratings for First Trust Indxx NextG ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Indxx NextG ETF and related companies with MarketBeat.com's FREE daily email newsletter.