First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading 0.2% Higher – Here’s What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares were up 0.2% during mid-day trading on Monday . The stock traded as high as $123.62 and last traded at $123.32. 117,655 shares changed hands during trading, an increase of 19% from the average daily volume of 98,463 shares. The stock had previously closed at $123.12.

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

The business’s fifty day moving average price is $124.82 and its 200-day moving average price is $120.70. The stock has a market cap of $1.91 billion, a PE ratio of 29.38 and a beta of 1.25.

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

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2512 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, September 26th.

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

Hedge funds have recently bought and sold shares of the company. Arete Wealth Advisors LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth about $1,525,000. SGL Investment Advisors Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter worth approximately $505,000. MML Investors Services LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.4% in the 3rd quarter. MML Investors Services LLC now owns 49,049 shares of the company’s stock worth $6,241,000 after purchasing an additional 2,082 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth approximately $141,000. Finally, Dunhill Financial LLC grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.4% during the third quarter. Dunhill Financial LLC now owns 16,544 shares of the company’s stock valued at $2,105,000 after buying an additional 388 shares during the period.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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.