First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) experienced a significant trading volume increase, with approximately 208,148 shares changing hands, marking a 20% rise from the previous session.
• The fund recently paid a quarterly dividend of $0.8347, up from its prior dividend of $0.14, reflecting a positive change for investors.
• Several large investors, including Bank of America and LPL Financial, have increased their stakes in the fund during the second quarter, signaling growing interest in the fund's potential.

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 208,148 shares were traded during trading, an increase of 20% from the previous session's volume of 173,338 shares.The stock last traded at $143.32 and had previously closed at $144.65.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 0.0%

The stock has a market cap of $3.06 billion, a P/E ratio of 23.47 and a beta of 1.25. The firm's fifty day moving average is $142.79 and its 200 day moving average is $129.58.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.8347 per share. This represents a $3.34 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund's previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 1,193,672 shares of the company's stock valued at $165,944,000 after acquiring an additional 61,496 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 14.8% during the 1st quarter. LPL Financial LLC now owns 772,908 shares of the company's stock valued at $87,439,000 after acquiring an additional 99,676 shares in the last quarter. Traphagen Investment Advisors LLC boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.4% during the 1st quarter. Traphagen Investment Advisors LLC now owns 345,410 shares of the company's stock valued at $39,076,000 after acquiring an additional 17,678 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 9.1% during the 2nd quarter. Raymond James Financial Inc. now owns 328,446 shares of the company's stock valued at $45,661,000 after acquiring an additional 27,411 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 314,059 shares of the company's stock valued at $43,634,000 after acquiring an additional 11,313 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.