First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Strong Trading Volume - Should You Buy?

Key Points

• Trading volume rose about 9% to 670,628 shares on Friday, with the ETF last trading at $185.56 and the stock up roughly 1.3%.
• The fund recently paid a quarterly dividend of $0.1004 (annualized $0.40), implying a very low yield of ~0.2%.
• Fund profile and valuation: market capitalization about $9.65 billion, P/E ~23.5 and beta 1.23; the ETF seeks to track the NASDAQ Clean Edge Smart Grid Infrastructure Index and invests at least 90% of its assets in index securities.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - ) saw an uptick in trading volume on Friday . 670,628 shares were traded during mid-day trading, an increase of 9% from the previous session's volume of 616,903 shares.The stock last traded at $185.56 and had previously closed at $184.87.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 1.3%

The stock has a market capitalization of $9.65 billion, a PE ratio of 23.47 and a beta of 1.23. The firm has a 50 day moving average price of $171.87 and a 200 day moving average price of $161.76.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.1004 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company's stock valued at $26,000 after acquiring an additional 148 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during the third quarter. Clearstead Advisors LLC now owns 207 shares of the company's stock valued at $31,000 after acquiring an additional 99 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter valued at approximately $31,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the first quarter valued at approximately $34,000. Finally, JNBA Financial Advisors increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% during the third quarter. JNBA Financial Advisors now owns 246 shares of the company's stock valued at $37,000 after acquiring an additional 227 shares during 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.

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