First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Strong Trading Volume – What’s Next?

First Trust Indxx NextG ETF (NASDAQ:NXTGGet Free Report) shares saw unusually-strong trading volume on Wednesday . 15,641 shares were traded during mid-day trading, an increase of 59% from the previous session’s volume of 9,865 shares.The stock last traded at $147.24 and had previously closed at $150.01.

First Trust Indxx NextG ETF Trading Down 0.4%

The company has a fifty day moving average of $150.10 and a 200-day moving average of $127.44. The stock has a market cap of $541.98 million, a PE ratio of 22.81 and a beta of 1.03.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared 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 is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. This represents a $2.31 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several large investors have recently added to or reduced their stakes in NXTG. Russell Investments Group Ltd. boosted its position in First Trust Indxx NextG ETF by 1,966.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after buying an additional 236 shares during the period. Parallel Advisors LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the first quarter valued at $49,000. Arax Advisory Partners purchased a new position in First Trust Indxx NextG ETF in the fourth quarter valued at $53,000. Geneos Wealth Management Inc. grew its stake 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 worth $63,000 after purchasing an additional 434 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Indxx NextG ETF during the 4th quarter worth about $102,000.

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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