First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Large Volume Increase – Time to Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 9,192 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 7,681 shares.The stock last traded at $161.09 and had previously closed at $158.91.

First Trust Indxx NextG ETF Price Performance

The company has a market capitalization of $602.88 million, a price-to-earnings ratio of 22.81 and a beta of 0.99. The business’s 50 day simple moving average is $131.68 and its 200 day simple moving average is $118.59.

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First Trust Indxx NextG ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.2317 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.93 dividend on an annualized basis and a yield of 0.6%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new position in First Trust Indxx NextG ETF in the first quarter valued at $154,000. Bank of America Corp DE increased its stake in First Trust Indxx NextG ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock valued at $6,565,000 after purchasing an additional 1,462 shares during the period. Royal Bank of Canada increased its stake in First Trust Indxx NextG ETF by 19.8% in the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock valued at $8,936,000 after purchasing an additional 13,201 shares during the period. Gateway Wealth Partners LLC acquired a new position in First Trust Indxx NextG ETF in the first quarter valued at $370,000. Finally, Parallel Advisors LLC acquired a new position in First Trust Indxx NextG ETF in the first quarter valued at $49,000.

About First Trust Indxx NextG ETF

(Get 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.

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