First Trust Indxx NextG ETF (NASDAQ:NXTG) Hits New 12-Month High – Should You Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $149.20 and last traded at $149.20, with a volume of 179 shares. The stock had previously closed at $144.91.

First Trust Indxx NextG ETF Trading Up 1.7%

The firm has a 50-day moving average of $125.94 and a two-hundred day moving average of $116.22. The firm has a market cap of $554.30 million, a price-to-earnings ratio of 22.81 and a beta of 0.99.

First Trust Indxx NextG ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several hedge funds and other institutional investors have recently modified their holdings of NXTG. Envestnet Asset Management Inc. raised its stake in First Trust Indxx NextG ETF by 50.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 19,853 shares of the company’s stock valued at $2,056,000 after purchasing an additional 6,619 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in First Trust Indxx NextG ETF in the 3rd quarter worth $549,000. Flaharty Asset Management LLC bought a new position in shares of First Trust Indxx NextG ETF during the 3rd quarter worth about $918,000. Stephens Inc. AR raised its position in shares of First Trust Indxx NextG ETF by 1.3% during the first quarter. Stephens Inc. AR now owns 6,729 shares of the company’s stock valued at $753,000 after buying an additional 87 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of First Trust Indxx NextG ETF by 2.3% during the first quarter. Private Advisor Group LLC now owns 21,098 shares of the company’s stock valued at $2,361,000 after buying an additional 479 shares during the last quarter.

First Trust Indxx NextG ETF Company Profile

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.