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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw unusually-strong trading volume on Thursday . 6,718 shares changed hands during trading, a decline of 31% from the previous session’s volume of 9,718 shares.The stock last traded at $152.50 and had previously closed at $151.96.

First Trust Indxx NextG ETF Stock Performance

The company has a market capitalization of $565.36 million, a P/E ratio of 22.81 and a beta of 1.04. The firm’s fifty day moving average is $150.18 and its 200 day moving average is $137.21.

First Trust Indxx NextG ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.5768 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. This represents a $2.31 annualized dividend and a yield of 1.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC raised its holdings in shares of First Trust Indxx NextG ETF by 104.3% in the second quarter. Ameritas Advisory Services LLC now owns 5,234 shares of the company’s stock worth $803,000 after buying an additional 2,672 shares during the period. Highland Investment Advisors LLC purchased a new position in First Trust Indxx NextG ETF during the 2nd quarter valued at $107,000. Western Wealth Management LLC bought a new position in First Trust Indxx NextG ETF in the 1st quarter valued at $154,000. Parallel Advisors LLC bought a new position in First Trust Indxx NextG ETF in the 1st quarter valued at $49,000. Finally, NewEdge Advisors LLC grew its position in First Trust Indxx NextG ETF by 0.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after acquiring an additional 87 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.