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

First Trust Indxx NextG ETF (NASDAQ:NXTGGet Free Report) saw unusually-strong trading volume on Wednesday . 6,588 shares changed hands during trading, a decline of 34% from the previous session’s volume of 9,943 shares.The stock last traded at $148.57 and had previously closed at $149.34.

First Trust Indxx NextG ETF Price Performance

The stock has a market capitalization of $534.98 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. The business has a fifty day moving average of $151.97 and a 200 day moving average of $129.49.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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. This represents a $2.31 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several large investors have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of First Trust Indxx NextG ETF by 12.3% during 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. raised its holdings in First Trust Indxx NextG ETF by 16.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after buying an additional 169 shares during the period. Bank of America Corp DE lifted its position in First Trust Indxx NextG ETF by 12.5% in the second 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 last quarter. Geneos Wealth Management Inc. lifted its position in First Trust Indxx NextG ETF by 200.0% in the second 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 last quarter. 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 valued at $1,273,000 after buying an additional 538 shares during the last quarter.

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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