First Trust Indxx NextG ETF (NASDAQ:NXTG) Sets New 12-Month High – Here’s Why

First Trust Indxx NextG ETF (NASDAQ:NXTG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $146.92 and last traded at $146.41, with a volume of 14217 shares traded. The stock had previously closed at $144.85.

First Trust Indxx NextG ETF Price Performance

The firm has a market cap of $541.72 million, a PE ratio of 22.81 and a beta of 0.99. The stock has a 50-day moving average price of $121.45 and a 200 day moving average price of $114.24.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.2317 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.93 annualized dividend and a yield of 0.6%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NXTG. Jane Street Group LLC boosted its position in shares of First Trust Indxx NextG ETF by 12.3% in the first quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock worth $811,000 after acquiring an additional 1,047 shares during the last quarter. JPMorgan Chase & Co. raised its stake in First Trust Indxx NextG ETF by 16.9% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after purchasing an additional 169 shares during the period. Bank of America Corp DE boosted its holdings in shares of 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 purchasing an additional 8,095 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of 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 purchasing an additional 434 shares during the last quarter. Finally, MGO One Seven LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the 3rd quarter valued at $262,000.

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.