First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Strong Trading Volume – Here’s What Happened

by · The Markets Daily

Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG – Get Free Report) saw an uptick in trading volume on Tuesday . 13,431 shares were traded during 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 Trading Down 2.5%

The business has a 50 day moving average of $136.43 and a 200-day moving average of $120.49. The firm has a market capitalization of $559.18 million, a P/E ratio of 22.81 and a beta of 1.03.

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

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in shares of First Trust Indxx NextG ETF by 1,966.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after buying an additional 236 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the 1st quarter valued at approximately $49,000. Arax Advisory Partners acquired a new stake in shares of First Trust Indxx NextG ETF in the 4th quarter valued at approximately $53,000. Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Indxx NextG ETF by 200.0% in 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 during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the 4th quarter valued at approximately $102,000.

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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