First Trust Indxx NextG ETF (NASDAQ:NXTG) Shares Climb 0.1% – What’s Next?

First Trust Indxx NextG ETF (NASDAQ:NXTG)’s stock price was up 0.1% on Thursday. The company traded as high as $150.20 and last traded at $150.1950. Approximately 1,580 shares were traded during trading, a decline of 82% from the average session volume of 8,810 shares. The stock had previously closed at $150.00.

First Trust Indxx NextG ETF Stock Performance

The firm has a market cap of $548.21 million, a PE ratio of 22.81 and a beta of 1.05. The stock’s fifty day moving average price is $153.93 and its 200-day moving average price is $146.92.

First Trust Indxx NextG ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several hedge funds have recently bought and sold shares of the company. Independent Financial Group LLC purchased a new position in shares of First Trust Indxx NextG ETF in the first quarter valued at $2,080,000. Royal Bank of Canada boosted its position in shares of First Trust Indxx NextG ETF by 19.8% in the 1st quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after buying an additional 13,201 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of First Trust Indxx NextG ETF by 468.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,001 shares of the company’s stock worth $539,000 after buying an additional 4,122 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the 1st quarter worth about $370,000. Finally, Ameritas Advisory Services LLC grew 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 acquiring an additional 2,672 shares during the last quarter.

First Trust Indxx NextG ETF Company Profile

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.