First Trust Indxx NextG ETF (NASDAQ:NXTG) Sets New 12-Month High – Still a Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $156.81 and last traded at $156.81, with a volume of 1524 shares. The stock had previously closed at $155.59.

First Trust Indxx NextG ETF Stock Up 1.0%

The company has a market cap of $581.34 million, a PE ratio of 22.81 and a beta of 0.99. The business’s fifty day moving average is $129.01 and its 200-day moving average is $117.49.

First Trust Indxx NextG ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXTG. Jane Street Group LLC raised its stake in 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 acquiring an additional 1,047 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of First Trust Indxx NextG ETF by 16.9% during 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 in the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust Indxx NextG ETF by 12.5% during the 2nd 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 in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of 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 valued at $63,000 after buying an additional 434 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of First Trust Indxx NextG ETF during the 3rd quarter valued at $549,000.

First Trust Indxx NextG ETF Company Profile

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.