First Trust Indxx NextG ETF (NASDAQ:NXTG) to Issue Quarterly Dividend of $0.58

First Trust Indxx NextG ETF (NASDAQ:NXTG) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.5768 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, June 25th. This is a 148.9% increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

First Trust Indxx NextG ETF Stock Down 0.2%

First Trust Indxx NextG ETF stock traded down $0.25 during mid-day trading on Thursday, reaching $153.71. 16,745 shares of the company’s stock were exchanged, compared to its average volume of 9,869. First Trust Indxx NextG ETF has a twelve month low of $95.47 and a twelve month high of $167.58. The company has a market cap of $568.73 million, a P/E ratio of 22.81 and a beta of 1.03. The company has a fifty day moving average of $146.03 and a 200-day moving average of $124.74.

Institutional Trading of First Trust Indxx NextG ETF

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. raised its position in shares of First Trust Indxx NextG ETF by 54.9% during the 3rd quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock worth $13,490,000 after acquiring an additional 46,139 shares in the last quarter. Susquehanna International Group LLP raised its holdings in First Trust Indxx NextG ETF by 183.1% during the third quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock worth $4,557,000 after purchasing an additional 28,455 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the 1st quarter worth approximately $2,080,000. Cerity Partners LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the 4th quarter worth approximately $1,778,000. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at $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.