First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Strong 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 176,792 shares changed hands during 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 cap of $2.05 billion, a PE 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 Announces Dividend

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

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 18,926.4% in the third quarter. International Assets Investment Management LLC now owns 505,913 shares of the company’s stock valued at $64,377,000 after acquiring an additional 503,254 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at approximately $20,039,000. Flow Traders U.S. LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 513.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 187,378 shares of the company’s stock valued at $23,844,000 after acquiring an additional 156,820 shares during the period. Proficio Capital Partners LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at $10,457,000. Finally, Stifel Financial Corp boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 171.1% during the 3rd quarter. Stifel Financial Corp now owns 125,127 shares of the company’s stock worth $15,933,000 after purchasing an additional 78,980 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.