First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Large Volume Increase – Here’s What Happened

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw unusually-high trading volume on Tuesday . Approximately 26,043 shares changed hands during trading, an increase of 156% from the previous session’s volume of 10,165 shares.The stock last traded at $143.74 and had previously closed at $145.70.

First Trust Indxx NextG ETF Stock Performance

The company has a 50-day moving average of $152.08 and a 200-day moving average of $131.30. The stock has a market cap of $531.84 million, a price-to-earnings ratio of 22.81 and a beta of 1.03.

First Trust Indxx NextG ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.5768 dividend. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th. This represents a $2.31 annualized dividend and a dividend yield of 1.6%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in shares of First Trust Indxx NextG ETF by 12.3% during the first quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock worth $811,000 after purchasing an additional 1,047 shares during the period. JPMorgan Chase & Co. increased its stake in First Trust Indxx NextG ETF by 16.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after buying an additional 169 shares during the period. Bank of America Corp DE increased its stake in First Trust Indxx NextG ETF by 12.5% in the 2nd quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock valued at $7,113,000 after buying an additional 8,095 shares during the period. Geneos Wealth Management Inc. increased its stake in First Trust Indxx NextG ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 434 shares during the period. Finally, First Trust Advisors LP raised its position in First Trust Indxx NextG ETF by 4.6% during the 3rd quarter. First Trust Advisors LP now owns 12,298 shares of the company’s stock worth $1,273,000 after buying an additional 538 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.