First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Strong Trading Volume – Still a Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw unusually-strong trading volume on Monday. 12,753 shares were traded during 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 Price Performance

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

First Trust Indxx NextG ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of First Trust Indxx NextG ETF by 19.8% in the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after acquiring an additional 13,201 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of First Trust Indxx NextG ETF by 1.1% in the first quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock valued at $7,240,000 after acquiring an additional 681 shares in the last quarter. Bank of America Corp DE grew its stake in First Trust Indxx NextG ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock worth $6,565,000 after purchasing an additional 1,462 shares in the last quarter. Private Advisor Group LLC raised its holdings in First Trust Indxx NextG ETF by 2.3% in the first quarter. Private Advisor Group LLC now owns 21,098 shares of the company’s stock valued at $2,361,000 after acquiring an additional 479 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of First Trust Indxx NextG ETF by 0.4% during the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock worth $2,228,000 after purchasing an additional 87 shares during 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.