First Trust Indxx NextG ETF (NASDAQ:NXTG) Hits New 1-Year High – Here’s What Happened

First Trust Indxx NextG ETF (NASDAQ:NXTG)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $149.20 and last traded at $149.20, with a volume of 179 shares traded. The stock had previously closed at $144.91.

First Trust Indxx NextG ETF Stock Up 1.7%

The firm has a 50-day moving average of $125.94 and a two-hundred day moving average of $116.22. The stock has a market capitalization of $554.30 million, a price-to-earnings ratio of 22.81 and a beta of 0.99.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.2317 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.93 dividend on an annualized basis and a yield of 0.6%.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in shares of First Trust Indxx NextG ETF by 1,966.7% in the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after acquiring an additional 236 shares during the last quarter. Parallel Advisors LLC acquired a new stake in First Trust Indxx NextG ETF during the first quarter valued at $49,000. Arax Advisory Partners purchased a new position in First Trust Indxx NextG ETF in the fourth quarter valued at about $53,000. Geneos Wealth Management Inc. grew its stake in First Trust Indxx NextG ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 434 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in First Trust Indxx NextG ETF in the 4th quarter worth about $102,000.

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.