First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Jumps 0.1% – Time to Buy?

by · The Markets Daily

First Trust Indxx NextG ETF (NASDAQ:NXTG – Get Free Report) shares were up 0.1% during mid-day trading on Thursday. The company traded as high as $150.20 and last traded at $150.1950. Approximately 1,580 shares traded hands during trading, a decline of 82% from the average daily volume of 8,810 shares. The stock had previously closed at $150.00.

First Trust Indxx NextG ETF Stock Down 1.6%

The company has a market cap of $539.73 million, a PE ratio of 22.81 and a beta of 1.05. The firm’s fifty day simple moving average is $153.84 and its 200-day simple moving average is $146.93.

First Trust Indxx NextG ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.6320 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.53 annualized dividend and a dividend yield of 1.7%. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of institutional investors and hedge funds have recently bought and sold shares of NXTG. Farther Finance Advisors LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the third quarter valued at $169,000. Sequoia Financial Advisors LLC purchased a new stake in First Trust Indxx NextG ETF during the 2nd quarter worth about $239,000. Integrated Wealth Concepts LLC acquired a new position in First Trust Indxx NextG ETF in the 2nd quarter valued at about $108,000. RFG Advisory LLC acquired a new position in First Trust Indxx NextG ETF in the 2nd quarter valued at about $221,000. Finally, Ameritas Advisory Services LLC raised its stake in First Trust Indxx NextG ETF by 104.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 5,234 shares of the company’s stock valued at $803,000 after purchasing an additional 2,672 shares during the last quarter.

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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