First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading Down 2.5%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) traded down 2.5% during mid-day trading on Friday . The company traded as low as $112.41 and last traded at $113.12. 133,320 shares were traded during trading, an increase of 45% from the average session volume of 91,862 shares. The stock had previously closed at $115.99.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 2.5 %

The stock’s fifty day simple moving average is $118.71 and its two-hundred day simple moving average is $113.33. The firm has a market cap of $1.48 billion, a PE ratio of 29.38 and a beta of 1.25.

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

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.6379 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.26%.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Institutional investors have recently modified their holdings of the stock. Concourse Financial Group Securities Inc. bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter valued at approximately $42,000. VisionPoint Advisory Group LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter valued at $54,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter worth $55,000. Banque Cantonale Vaudoise raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.5% in the first quarter. Banque Cantonale Vaudoise now owns 520 shares of the company’s stock worth $60,000 after purchasing an additional 200 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter valued at $83,000.

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.