First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Strong Trading Volume – Here’s What Happened

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares saw an uptick in trading volume on Wednesday . Approximately 6,588 shares changed hands during trading, a decline of 34% from the previous session’s volume of 9,943 shares.The stock last traded at $148.57 and had previously closed at $149.34.

First Trust Indxx NextG ETF Price Performance

The company has a fifty day simple moving average of $151.77 and a 200-day simple moving average of $128.95. The company has a market cap of $541.94 million, a P/E ratio of 22.81 and a beta of 1.03.

First Trust Indxx NextG ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.5768 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. This represents a $2.31 annualized dividend and a dividend yield of 1.6%.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several hedge funds have recently made changes to their positions in NXTG. Russell Investments Group Ltd. raised its position in First Trust Indxx NextG ETF by 1,966.7% during the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after buying an additional 236 shares during the period. Parallel Advisors LLC purchased a new position in First Trust Indxx NextG ETF during the first quarter valued at approximately $49,000. Arax Advisory Partners acquired a new position in First Trust Indxx NextG ETF in the 4th quarter valued at approximately $53,000. Geneos Wealth Management Inc. increased its stake in 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 buying an additional 434 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Indxx NextG ETF in the 4th quarter worth approximately $102,000.

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.