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

Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) saw unusually-strong trading volume on Tuesday . Approximately 10,351 shares were traded during trading, an increase of 6% from the previous session’s volume of 9,720 shares.The stock last traded at $154.38 and had previously closed at $160.22.

First Trust Indxx NextG ETF Trading Down 3.5%

The stock has a market capitalization of $572.13 million, a PE ratio of 22.81 and a beta of 1.03. The business has a fifty day moving average price of $144.74 and a 200-day moving average price of $124.09.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.2317 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.93 annualized dividend and a yield of 0.6%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in shares of 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 worth $26,000 after acquiring an additional 236 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of First Trust Indxx NextG ETF during the 1st quarter valued at $49,000. Arax Advisory Partners purchased a new position in First Trust Indxx NextG ETF in the 4th quarter worth $53,000. Geneos Wealth Management Inc. raised its position in First Trust Indxx NextG ETF by 200.0% in 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 bought a new stake in First Trust Indxx NextG ETF in the fourth 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.