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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 188,056 shares traded hands during mid-day 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 Stock Performance

The business has a fifty day simple moving average of $134.12 and a 200 day simple moving average of $123.56. The company has a market cap of $2.78 billion, a P/E 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 declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued 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. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $3.34 annualized dividend and a dividend yield of 2.34%.

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

Several hedge funds have recently modified their holdings of the company. CreativeOne Wealth LLC boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% during the first quarter. CreativeOne Wealth LLC now owns 1,951 shares of the company's stock valued at $221,000 after purchasing an additional 80 shares during the last quarter. SGL Investment Advisors Inc. boosted its position 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 valued at $502,000 after purchasing an additional 86 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position 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 valued at $209,000 after purchasing an additional 91 shares during the last quarter. Cambridge Advisors Inc. boosted its position 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 valued at $209,000 after purchasing an additional 100 shares during the last quarter. Finally, Hanlon Investment Management Inc. boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.9% during the fourth quarter. Hanlon Investment Management Inc. now owns 4,324 shares of the company's stock valued at $516,000 after purchasing an additional 122 shares during the last quarter.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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.