First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading Up 0.1% Following Dividend Announcement

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) rose 0.1% during mid-day trading on Thursday after the company announced a dividend. The company traded as high as $155.62 and last traded at $155.59. Approximately 264,673 shares traded hands during trading, an increase of 21% from the average daily volume of 219,513 shares. The stock had previously closed at $155.38.

The newly announced dividend which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.338 dividend. The ex-dividend date is Friday, December 12th. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24. This represents a $1.35 annualized dividend and a yield of 0.9%.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 2.0%

The firm has a market capitalization of $4.48 billion, a P/E ratio of 23.47 and a beta of 1.25. The stock has a fifty day moving average of $153.46 and a 200-day moving average of $145.54.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 229.1% during the 3rd quarter. IFP Advisors Inc now owns 6,042 shares of the company’s stock valued at $913,000 after buying an additional 4,206 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after purchasing an additional 148 shares during the period. Tcfg Wealth Management LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 6.6% during the third quarter. Tcfg Wealth Management LLC now owns 28,939 shares of the company’s stock valued at $4,372,000 after purchasing an additional 1,790 shares during the period. Sunbelt Securities Inc. bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at $1,402,000. Finally, Captrust Financial Advisors increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% during the third quarter. Captrust Financial Advisors now owns 129,074 shares of the company’s stock valued at $19,500,000 after buying an additional 5,357 shares during the period.

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.