First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Unusually-High Trading Volume – Time to Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares saw unusually-strong trading volume on Tuesday . Approximately 1,313,950 shares traded hands during trading, an increase of 861% from the previous session’s volume of 136,700 shares.The stock last traded at $118.13 and had previously closed at $118.82.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Price Performance

The stock’s 50-day simple moving average is $120.18 and its 200 day simple moving average is $122.52. The stock has a market capitalization of $2.13 billion, a P/E ratio of 22.84 and a beta of 1.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. FSA Wealth Management LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth $26,000. US Bancorp DE grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% during the 4th quarter. US Bancorp DE now owns 236 shares of the company’s stock worth $28,000 after acquiring an additional 86 shares during the period. Geneos Wealth Management Inc. boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% in 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 period. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter valued at about $63,000.

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.