First Trust Indxx NextG ETF (NASDAQ:NXTG) Reaches New 1-Year High – Still a Buy?

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares reached a new 52-week high during trading on Thursday . The company traded as high as $156.81 and last traded at $156.81, with a volume of 1524 shares changing hands. The stock had previously closed at $155.59.

First Trust Indxx NextG ETF Trading Up 1.4%

The firm has a market cap of $587.97 million, a PE ratio of 22.81 and a beta of 0.99. The firm has a fifty day simple moving average of $130.71 and a two-hundred day simple moving average of $118.13.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 dividend on an annualized basis and a yield of 0.6%.

Institutional Trading of First Trust Indxx NextG ETF

Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings 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 worth $26,000 after purchasing an additional 236 shares in the last quarter. Parallel Advisors LLC purchased a new position in shares of First Trust Indxx NextG ETF during the first quarter valued at about $49,000. Arax Advisory Partners purchased a new position in shares of First Trust Indxx NextG ETF during the fourth quarter valued at about $53,000. Geneos Wealth Management Inc. raised 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 worth $63,000 after buying an additional 434 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new position in First Trust Indxx NextG ETF in the fourth quarter worth about $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.