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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw unusually-strong trading volume on Thursday . Approximately 6,718 shares changed hands during trading, a decline of 31% from the previous session’s volume of 9,718 shares.The stock last traded at $152.50 and had previously closed at $151.96.

First Trust Indxx NextG ETF Price Performance

The stock’s fifty day moving average price is $150.18 and its 200 day moving average price is $137.21. The stock has a market capitalization of $565.36 million, a P/E ratio of 22.81 and a beta of 1.04.

First Trust Indxx NextG ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.5768 per share. This represents a $2.31 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of hedge funds have recently added to or reduced their stakes in NXTG. Stephens Inc. AR boosted its holdings in First Trust Indxx NextG ETF by 1.3% in the first quarter. Stephens Inc. AR now owns 6,729 shares of the company’s stock valued at $753,000 after purchasing an additional 87 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust Indxx NextG ETF by 0.4% during the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after buying an additional 87 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Indxx NextG ETF by 1.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 8,063 shares of the company’s stock valued at $869,000 after buying an additional 111 shares during the period. Private Advisor Group LLC lifted its holdings in shares of First Trust Indxx NextG ETF by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 20,852 shares of the company’s stock valued at $2,160,000 after buying an additional 147 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of First Trust Indxx NextG ETF by 16.9% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after buying an additional 169 shares during the last quarter.

About First Trust Indxx NextG ETF

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.