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

First Trust Indxx NextG ETF (NASDAQ:NXTGGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $139.16 and last traded at $139.03, with a volume of 7171 shares trading hands. The stock had previously closed at $135.30.

First Trust Indxx NextG ETF Stock Up 2.8%

The stock has a market cap of $514.41 million, a PE ratio of 22.81 and a beta of 0.99. The firm has a fifty day moving average of $119.54 and a 200 day moving average of $113.24.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2317 dividend. This represents a $0.93 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several large investors have recently bought and sold shares of the business. Independent Financial Group LLC purchased a new position in First Trust Indxx NextG ETF in the first quarter valued at $2,080,000. Sanctuary Advisors LLC boosted its stake in First Trust Indxx NextG ETF by 3.5% in the first quarter. Sanctuary Advisors LLC now owns 10,239 shares of the company’s stock valued at $1,146,000 after acquiring an additional 346 shares in the last quarter. Fifth Third Bancorp acquired a new position in First Trust Indxx NextG ETF in the first quarter valued at $107,000. Kestra Advisory Services LLC boosted its stake in First Trust Indxx NextG ETF by 1.1% in the first 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 in the last quarter. Finally, Stephens Inc. AR boosted its stake in First Trust Indxx NextG ETF by 1.3% in the first quarter. Stephens Inc. AR now owns 6,729 shares of the company’s stock valued at $753,000 after acquiring an additional 87 shares in the last quarter.

First Trust Indxx NextG ETF Company Profile

(Get Free Report)

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.

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