First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Large Volume Increase – Time to Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares saw unusually-high trading volume on Tuesday . Approximately 10,351 shares traded hands during trading, an increase of 6% from the previous session’s volume of 9,720 shares.The stock last traded at $154.38 and had previously closed at $160.22.

First Trust Indxx NextG ETF Stock Down 0.4%

The stock has a market capitalization of $569.65 million, a P/E ratio of 22.81 and a beta of 1.03. The business’s 50 day simple moving average is $146.03 and its two-hundred day simple moving average is $124.74.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several large investors have recently added to or reduced their stakes in NXTG. Raymond James Financial Inc. increased its holdings 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 worth $13,490,000 after purchasing an additional 46,139 shares in the last quarter. Royal Bank of Canada lifted its holdings 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 valued at $8,936,000 after purchasing an additional 13,201 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of First Trust Indxx NextG ETF by 12.5% in the second quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock valued at $7,113,000 after purchasing an additional 8,095 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of First Trust Indxx NextG ETF by 1.1% during the first quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock valued at $7,240,000 after buying an additional 681 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of First Trust Indxx NextG ETF by 183.1% during the third quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock valued at $4,557,000 after buying an additional 28,455 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.