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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw an uptick in trading volume on Monday. 12,753 shares changed hands during trading, an increase of 43% from the previous session’s volume of 8,910 shares. The stock last traded at $149.10 and had previously closed at $147.87.

First Trust Indxx NextG ETF Price Performance

The business has a fifty day moving average price of $153.73 and a two-hundred day moving average price of $147.71. The firm has a market capitalization of $545.90 million, a price-to-earnings ratio of 22.81 and a beta of 1.05.

First Trust Indxx NextG ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.6320 per share. This represents a $2.53 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in First Trust Indxx NextG ETF by 19.8% during the 1st quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock valued at $8,936,000 after acquiring an additional 13,201 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of First Trust Indxx NextG ETF by 1.1% in the 1st quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock valued at $7,240,000 after acquiring an additional 681 shares during the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Indxx NextG ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock worth $6,565,000 after acquiring an additional 1,462 shares during the period. Private Advisor Group LLC increased its stake in shares of First Trust Indxx NextG ETF by 2.3% in the first quarter. Private Advisor Group LLC now owns 21,098 shares of the company’s stock worth $2,361,000 after acquiring an additional 479 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of First Trust Indxx NextG ETF by 0.4% in the first quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock worth $2,228,000 after acquiring an additional 87 shares during the period.

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.