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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw unusually-strong trading volume on Monday . Approximately 9,192 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 7,681 shares.The stock last traded at $161.09 and had previously closed at $158.91.

First Trust Indxx NextG ETF Stock Up 2.0%

The firm’s 50-day moving average price is $130.71 and its two-hundred day moving average price is $118.20. The firm has a market capitalization of $599.96 million, a PE 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new position in First Trust Indxx NextG ETF during the first quarter valued at approximately $154,000. Bank of America Corp DE grew its position in First Trust Indxx NextG ETF by 2.6% during the first quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock valued at $6,565,000 after purchasing an additional 1,462 shares in the last quarter. Royal Bank of Canada grew its position in First Trust Indxx NextG ETF by 19.8% during the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock valued at $8,936,000 after purchasing an additional 13,201 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in First Trust Indxx NextG ETF during the first quarter valued at approximately $370,000. Finally, Parallel Advisors LLC purchased a new position in First Trust Indxx NextG ETF during the first quarter valued at approximately $49,000.

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.