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 - Get Free Report) shares saw strong trading volume on Thursday . 244,441 shares traded hands during mid-day trading, an increase of 76% from the previous session's volume of 138,877 shares.The stock last traded at $130.54 and had previously closed at $130.40.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 0.3%

The business's 50-day simple moving average is $118.68 and its 200-day simple moving average is $120.46. The company has a market cap of $2.26 billion, a PE ratio of 24.79 and a beta of 1.25.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.1394 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CreativeOne Wealth LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% in the 1st quarter. CreativeOne Wealth LLC now owns 1,951 shares of the company's stock valued at $221,000 after buying an additional 80 shares in the last quarter. US Bancorp DE lifted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the fourth quarter. US Bancorp DE now owns 236 shares of the company's stock valued at $28,000 after acquiring an additional 86 shares during the last quarter. SGL Investment Advisors Inc. grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.1% in the fourth quarter. SGL Investment Advisors Inc. now owns 4,154 shares of the company's stock worth $502,000 after acquiring an additional 86 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.2% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,851 shares of the company's stock worth $209,000 after purchasing an additional 91 shares during the last quarter. Finally, Cambridge Advisors Inc. raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.7% during the 1st quarter. Cambridge Advisors Inc. now owns 1,849 shares of the company's stock valued at $209,000 after purchasing an additional 100 shares in the last quarter.

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.