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

First Trust Indxx NextG ETF (NASDAQ:NXTG – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 10,351 shares were traded during trading, an increase of 6% from the previous session’s volume of 9,720 shares.The stock last traded at $154.38 and had previously closed at $160.22.

First Trust Indxx NextG ETF Price Performance

The stock has a market cap of $572.13 million, a P/E ratio of 22.81 and a beta of 1.03. The firm’s fifty day moving average price is $144.74 and its two-hundred day moving average price is $124.09.

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First Trust Indxx NextG ETF Cuts Dividend

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

Institutional Trading of First Trust Indxx NextG ETF

Several institutional investors and hedge funds have recently modified their holdings of NXTG. Raymond James Financial Inc. grew its holdings 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 in the last quarter. Susquehanna International Group LLP increased its holdings in shares of 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 last quarter. Independent Financial Group LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the 1st quarter valued at $2,080,000. Cerity Partners LLC bought a new stake in shares of First Trust Indxx NextG ETF during the 4th quarter worth $1,778,000. Finally, Citadel Advisors LLC bought a new stake in shares of First Trust Indxx NextG ETF during the 3rd quarter worth $1,612,000.

First Trust Indxx NextG ETF Company Profile

(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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