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

by · The Markets Daily

First Trust Indxx NextG ETF (NASDAQ:NXTG – Get Free Report) saw unusually-strong trading volume on Monday. 12,753 shares changed hands during mid-day trading, an increase of 43% from the previous session’s volume of 8,910 shares. The stock last traded at $149.10 and had previously closed at $147.87.

First Trust Indxx NextG ETF Trading Up 0.9%

The stock has a 50-day simple moving average of $153.84 and a 200 day simple moving average of $147.20. The company has a market cap of $544.38 million, a price-to-earnings ratio of 22.81 and a beta of 1.05.

First Trust Indxx NextG ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of institutional investors have recently modified their holdings of the stock. Stephens Inc. AR grew its position in First Trust Indxx NextG ETF by 1.3% during the first quarter. Stephens Inc. AR now owns 6,729 shares of the company’s stock valued at $753,000 after buying an additional 87 shares during the period. NewEdge Advisors LLC lifted its position in shares of First Trust Indxx NextG ETF by 0.4% in the first quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after acquiring an additional 87 shares in the last quarter. IFP Advisors Inc boosted its stake in First Trust Indxx NextG ETF by 20.7% during the 3rd quarter. IFP Advisors Inc now owns 893 shares of the company’s stock worth $137,000 after purchasing an additional 153 shares during the last quarter. Sanctuary Advisors LLC boosted its position in First Trust Indxx NextG ETF by 3.5% during the first quarter. Sanctuary Advisors LLC now owns 10,239 shares of the company’s stock worth $1,146,000 after acquiring an additional 346 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the first quarter valued at approximately $49,000.

About First Trust Indxx NextG ETF

(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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