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

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares saw strong trading volume on Wednesday . 6,588 shares traded 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 stock’s 50 day moving average price is $151.77 and its two-hundred day moving average price is $128.95. The firm has a market capitalization of $541.94 million, a price-to-earnings 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 given a dividend of $0.5768 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.31 dividend on an annualized basis and a yield of 1.6%. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC acquired a new position in shares of First Trust Indxx NextG ETF during the 1st quarter worth about $154,000. Parallel Advisors LLC acquired a new stake in First Trust Indxx NextG ETF in the 1st quarter valued at approximately $49,000. NewEdge Advisors LLC increased its position in First Trust Indxx NextG ETF by 0.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock worth $2,228,000 after buying an additional 87 shares during the period. Bank of America Corp DE increased its position in First Trust Indxx NextG ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock worth $6,565,000 after buying an additional 1,462 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of First Trust Indxx NextG ETF by 19.8% during the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after buying an additional 13,201 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.