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

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

First Trust Indxx NextG ETF Stock Up 1.1%

The company has a market capitalization of $541.72 million, a price-to-earnings ratio of 22.81 and a beta of 0.99. The company has a 50 day simple moving average of $121.45 and a 200 day simple moving average of $114.24.

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 given a dividend of $0.2317 per share. This represents a $0.93 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake 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 worth $26,000 after buying an additional 236 shares during the period. Parallel Advisors LLC purchased a new position in shares of First Trust Indxx NextG ETF in the 1st quarter valued at $49,000. Arax Advisory Partners acquired a new position in shares of First Trust Indxx NextG ETF during the 4th quarter valued at $53,000. Geneos Wealth Management Inc. boosted its position in First Trust Indxx NextG ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 434 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Indxx NextG ETF during the 4th quarter worth $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.