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

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares saw an uptick in trading volume on Wednesday . Approximately 15,641 shares changed hands 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 Stock Performance

The firm has a market capitalization of $558.70 million, a P/E ratio of 22.81 and a beta of 1.03. The stock has a fifty day moving average price of $150.89 and a two-hundred day moving average price of $128.05.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.5768 dividend. This is a boost 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 1.5%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Indxx NextG ETF

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its position in shares of First Trust Indxx NextG ETF by 468.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,001 shares of the company’s stock worth $539,000 after buying an additional 4,122 shares during the last quarter. Jane Street Group LLC grew its position in shares of First Trust Indxx NextG ETF by 53.8% during the 4th quarter. Jane Street Group LLC now owns 10,188 shares of the company’s stock valued at $1,098,000 after buying an additional 3,563 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of First Trust Indxx NextG ETF during the 3rd quarter valued at about $1,612,000. Bank of America Corp DE raised its stake in First Trust Indxx NextG ETF by 12.5% during the second quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock worth $7,113,000 after acquiring an additional 8,095 shares during the period. Finally, Cerity Partners LLC acquired a new stake in First Trust Indxx NextG ETF during the fourth quarter worth about $1,778,000.

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.