First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares saw strong trading volume on Tuesday . 13,431 shares were traded during mid-day trading, an increase of 59% from the previous session’s volume of 8,424 shares.The stock last traded at $154.98 and had previously closed at $155.07.

First Trust Indxx NextG ETF Stock Down 3.0%

The firm has a market cap of $549.08 million, a P/E ratio of 22.81 and a beta of 1.03. The stock’s 50-day moving average is $138.09 and its 200-day moving average is $121.17.

First Trust Indxx NextG ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several hedge funds have recently made changes to their positions in NXTG. Raymond James Financial Inc. increased its stake in 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 valued at $13,490,000 after acquiring an additional 46,139 shares during the period. Susquehanna International Group LLP lifted its position 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 acquiring an additional 28,455 shares during the period. Independent Financial Group LLC acquired a new stake in shares of First Trust Indxx NextG ETF during the 1st quarter worth approximately $2,080,000. Cerity Partners LLC bought a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter valued at approximately $1,778,000. Finally, Citadel Advisors LLC bought a new stake in shares of First Trust Indxx NextG ETF during the third quarter valued at approximately $1,612,000.

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.