First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading Down 0.2% – Should You Sell?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $191.59 and last traded at $193.88. Approximately 594,013 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 692,313 shares. The stock had previously closed at $194.20.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.2%

The company’s fifty day moving average is $181.08 and its 200-day moving average is $167.91. The company has a market cap of $10.17 billion, a PE ratio of 23.47 and a beta of 1.28.

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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GRID. Morgan Stanley boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% during the 4th quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock worth $451,252,000 after acquiring an additional 691,924 shares during the last quarter. LPL Financial LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% during the 4th quarter. LPL Financial LLC now owns 1,699,802 shares of the company’s stock valued at $260,104,000 after buying an additional 503,963 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 47.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,527,000 shares of the company’s stock valued at $233,662,000 after buying an additional 490,000 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 160.5% during the 1st quarter. Cetera Investment Advisers now owns 568,057 shares of the company’s stock valued at $92,923,000 after buying an additional 349,964 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 19.1% during the 1st quarter. Bank of America Corp DE now owns 2,121,584 shares of the company’s stock valued at $347,049,000 after buying an additional 340,826 shares in 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.