First Trust Indxx NextG ETF (NASDAQ:NXTG) Hits New 52-Week High – Still a Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $146.92 and last traded at $146.41, with a volume of 14217 shares changing hands. The stock had previously closed at $144.85.

First Trust Indxx NextG ETF Stock Up 1.1%

The stock has a market capitalization of $538.35 million, a price-to-earnings ratio of 22.81 and a beta of 0.99. The company has a 50 day moving average of $122.43 and a 200 day moving average of $114.76.

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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 paid a $0.2317 dividend. This represents a $0.93 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several institutional investors have recently added to or reduced their stakes in NXTG. Envestnet Asset Management Inc. grew its position in First Trust Indxx NextG ETF by 50.0% during the third quarter. Envestnet Asset Management Inc. now owns 19,853 shares of the company’s stock valued at $2,056,000 after acquiring an additional 6,619 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in First Trust Indxx NextG ETF during the third quarter valued at about $549,000. Flaharty Asset Management LLC purchased a new stake in First Trust Indxx NextG ETF during the third quarter valued at about $918,000. MGO One Seven LLC purchased a new stake in First Trust Indxx NextG ETF during the third quarter valued at about $262,000. Finally, Sigma Planning Corp grew its position in First Trust Indxx NextG ETF by 5.0% during the fourth quarter. Sigma Planning Corp now owns 11,585 shares of the company’s stock valued at $1,248,000 after acquiring an additional 547 shares during the period.

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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