First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Large Volume Increase

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw an uptick in trading volume on Wednesday . 23,751 shares traded hands during trading, a decline of 74% from the previous session’s volume of 92,309 shares.The stock last traded at $123.50 and had previously closed at $123.42.

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

The company has a market cap of $1.64 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25. The firm has a fifty day simple moving average of $118.50 and a 200 day simple moving average of $116.86.

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

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a $0.6379 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.55 dividend on an annualized basis and a yield of 2.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter worth about $32,000. Front Row Advisors LLC increased its position 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 worth $39,000 after buying an additional 300 shares during the period. Concourse Financial Group Securities Inc. bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 2nd quarter worth approximately $42,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth approximately $55,000. Finally, Banque Cantonale Vaudoise boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.5% in the first quarter. Banque Cantonale Vaudoise now owns 520 shares of the company’s stock valued at $60,000 after acquiring an additional 200 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.