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

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares saw unusually-strong trading volume on Tuesday . 26,043 shares traded hands during mid-day trading, an increase of 156% from the previous session’s volume of 10,165 shares.The stock last traded at $143.74 and had previously closed at $145.70.

First Trust Indxx NextG ETF Trading Down 1.3%

The stock has a market cap of $531.84 million, a PE ratio of 22.81 and a beta of 1.03. The business has a 50 day moving average of $152.08 and a 200-day moving average of $131.30.

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 issued a $0.5768 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase 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%.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of institutional investors have recently modified their holdings of NXTG. Russell Investments Group Ltd. raised its position in First Trust Indxx NextG ETF by 1,966.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Parallel Advisors LLC purchased a new position in First Trust Indxx NextG ETF during the 1st quarter worth $49,000. Arax Advisory Partners purchased a new position in First Trust Indxx NextG ETF during the 4th quarter worth $53,000. Geneos Wealth Management Inc. increased its stake in First Trust Indxx NextG ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 434 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in First Trust Indxx NextG ETF in the fourth quarter valued at $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.