First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Strong Trading Volume – Should You Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares saw unusually-strong trading volume on Wednesday . Approximately 15,641 shares were traded during trading, an increase of 59% from the previous session’s volume of 9,865 shares.The stock last traded at $147.24 and had previously closed at $150.01.

First Trust Indxx NextG ETF Stock Down 0.4%

The company’s fifty day moving average is $150.10 and its two-hundred day moving average is $127.44. The stock has a market cap of $541.98 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 disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.5768 per share. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.31 annualized dividend and a dividend yield of 1.6%.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several large investors have recently bought and sold shares of NXTG. Raymond James Financial Inc. increased its position in shares of First Trust Indxx NextG ETF by 54.9% during the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock worth $13,490,000 after purchasing an additional 46,139 shares in the last quarter. Susquehanna International Group LLP grew its stake in First Trust Indxx NextG ETF by 183.1% during the 3rd quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock worth $4,557,000 after buying an additional 28,455 shares during the last quarter. Independent Financial Group LLC purchased a new position in First Trust Indxx NextG ETF during the 1st quarter worth approximately $2,080,000. Cerity Partners LLC acquired a new position in First Trust Indxx NextG ETF during the fourth quarter worth approximately $1,778,000. Finally, Citadel Advisors LLC purchased a new stake in First Trust Indxx NextG ETF in the third quarter valued at approximately $1,612,000.

About First Trust Indxx NextG ETF

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.