First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Large Volume Increase – Here’s What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares saw unusually-strong trading volume on Tuesday . Approximately 176,792 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 209,168 shares.The stock last traded at $118.58 and had previously closed at $120.16.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 1.6 %

The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25. The firm has a fifty day moving average of $123.08 and a 200-day moving average of $122.15.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.2731 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. FSA Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth $25,000. Front Row Advisors LLC lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% in the 2nd quarter. Front Row Advisors LLC now owns 340 shares of the company’s stock valued at $39,000 after purchasing an additional 300 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 438 shares of the company’s stock worth $52,000 after purchasing an additional 238 shares during the last quarter. Values First Advisors Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter worth approximately $56,000. Finally, Eastern Bank purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at $85,000.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (the Fund) seeks investment results, which correspond to the price and yield (before the Fund’s fees and expenses) of an equity index called the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (the Index). The Fund focuses to invest at least 90% of its net assets in common stocks, which comprises the Index or in depositary receipts, which may include American depositary receipts (ADRs), global depositary receipts (GDRs), European depositary receipts (EDRs) or other depositary receipts (collectively Depositary Receipts) representing securities in the Index.