First Trust Indxx NextG ETF (NASDAQ:NXTG) Sets New 12-Month High – Still a Buy?

Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) hit a new 52-week high during trading on Thursday . The stock traded as high as $156.81 and last traded at $156.81, with a volume of 1524 shares trading hands. The stock had previously closed at $155.59.

First Trust Indxx NextG ETF Stock Performance

The company’s 50-day moving average is $129.01 and its 200 day moving average is $117.49. The company has a market capitalization of $581.34 million, a PE ratio of 22.81 and a beta of 0.99.

First Trust Indxx NextG ETF Cuts Dividend

The company 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. This represents a $0.93 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Indxx NextG ETF

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. lifted its stake in First Trust Indxx NextG ETF by 54.9% during the 3rd quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock valued at $13,490,000 after acquiring an additional 46,139 shares during the period. Susquehanna International Group LLP lifted its stake in First Trust Indxx NextG ETF by 183.1% during the 3rd quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock valued at $4,557,000 after acquiring an additional 28,455 shares during the period. Independent Financial Group LLC bought a new position in First Trust Indxx NextG ETF during the 1st quarter valued at about $2,080,000. Cerity Partners LLC bought a new position in First Trust Indxx NextG ETF during the 4th quarter valued at about $1,778,000. Finally, Citadel Advisors LLC bought a new position in First Trust Indxx NextG ETF during the 3rd quarter valued at about $1,612,000.

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.