First Trust Indxx NextG ETF (NXTG)
First Trust Indxx NextG ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $156.57, up 0.79% on the session, giving a market capitalisation of $467.7M. Its beta of 1.34 implies it has historically moved more than the broad market.
The First Trust Indxx NextG ETF, which was previously known as the First Trust Nasdaq Smartphone Index Fund, is designed to closely replicate the investment outcomes—specifically the price appreciation and income generation (before any fund-specific fees and operational costs are applied)—of an equity benchmark called the Indxx 5G & NextG Thematic Index SM. To accomplish this objective, the fund typically allocates at least 90% of its net assets (including any capital obtained through borrowing) to invest in the common equities and depositary receipts that constitute the underlying index.
First Trust Indxx NextG ETF is most often compared with the following Financial Services names: