Should You Invest in the First Trust Indxx NextG ETF (NXTG)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: NASDAQ.COM
Overview of First Trust Indxx NextG ETF: The First Trust Indxx NextG ETF (NXTG) is a passively managed fund focused on the Technology - Telecom sector, with assets over $383 million and an annual operating expense ratio of 0.70%. It aims to track the INDXX 5G & NEXTG THEMATIC INDEX and has shown a year-to-date increase of approximately 13%.
Investment Considerations: NXTG provides diversified exposure with about 110 holdings, minimizing single stock risk, and carries a Zacks ETF Rank of 3 (Hold), indicating it is a reasonable option for investors seeking technology sector exposure.
Analyst Views on NXTG
Wall Street analysts forecast NXTG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXTG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 112.856
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Current: 112.856
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
