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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) saw an uptick in trading volume on Wednesday . 188,056 shares traded hands during trading, an increase of 31% from the previous session's volume of 143,447 shares.The stock last traded at $138.50 and had previously closed at $138.83.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 2.5%

The business has a 50 day moving average of $133.34 and a 200-day moving average of $123.20. The stock has a market cap of $2.79 billion, a PE ratio of 23.47 and a beta of 1.25.

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

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.8347 dividend. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund's previous quarterly dividend of $0.14. This represents a $3.34 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Thursday, June 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CreativeOne Wealth LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% in the first 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 raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% during the fourth quarter. US Bancorp DE now owns 236 shares of the company's stock worth $28,000 after purchasing an additional 86 shares during the last quarter. SGL Investment Advisors Inc. raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.1% during the fourth quarter. SGL Investment Advisors Inc. now owns 4,154 shares of the company's stock worth $502,000 after purchasing an additional 86 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.2% during the first 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.7% during the first quarter. Cambridge Advisors Inc. now owns 1,849 shares of the company's stock worth $209,000 after purchasing an additional 100 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.