First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Strong Trading Volume – Here’s What Happened

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw unusually-high trading volume on Tuesday . Approximately 2,165,558 shares changed hands during mid-day trading, an increase of 262% from the previous session’s volume of 598,169 shares.The stock last traded at $174.8050 and had previously closed at $174.13.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Price Performance

The business’s fifty day moving average price is $157.66 and its 200 day moving average price is $152.06. The stock has a market cap of $6.73 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 company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.338 dividend. This is a boost from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24. This represents a $1.35 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Black Swift Group LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.9% in the fourth quarter. Black Swift Group LLC now owns 61,339 shares of the company’s stock worth $9,388,000 after acquiring an additional 2,314 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 53.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,273 shares of the company’s stock worth $193,000 after purchasing an additional 441 shares during the period. Essex Financial Services Inc. bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at $214,000. Madison Wealth Partners Inc acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth $228,000. Finally, Operose Advisors LLC raised its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 98.4% during the fourth quarter. Operose Advisors LLC now owns 609 shares of the company’s stock worth $93,000 after buying an additional 302 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.