First Trust Indxx NextG ETF (NASDAQ:NXTG) Reaches New 52-Week High – Should You Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $135.27 and last traded at $135.27, with a volume of 5392 shares traded. The stock had previously closed at $131.61.

First Trust Indxx NextG ETF Trading Up 3.0%

The company has a market cap of $501.76 million, a price-to-earnings ratio of 22.81 and a beta of 0.89. The company has a fifty day moving average price of $118.76 and a two-hundred day moving average price of $112.76.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.2317 per share. This represents a $0.93 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Indxx NextG ETF

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of First Trust Indxx NextG ETF by 1,966.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after purchasing an additional 236 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of First Trust Indxx NextG ETF during the 4th quarter worth approximately $53,000. Geneos Wealth Management Inc. grew its holdings in shares of First Trust Indxx NextG ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 434 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of First Trust Indxx NextG ETF during the 4th quarter worth approximately $102,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Trust Indxx NextG ETF by 16.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after purchasing an additional 169 shares in 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.