First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Strong Trading Volume – Should You Buy?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw unusually-high trading volume on Monday . Approximately 282,835 shares changed hands during mid-day trading, an increase of 169% from the previous session’s volume of 104,963 shares.The stock last traded at $119.99 and had previously closed at $120.51.

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

The firm has a fifty day simple moving average of $124.73 and a 200-day simple moving average of $121.56. The firm has a market cap of $1.86 billion, a price-to-earnings 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 announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2731 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aveo Capital Partners LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth approximately $3,769,000. Flaharty Asset Management LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 47.5% in the 2nd quarter. Flaharty Asset Management LLC now owns 20,462 shares of the company’s stock valued at $2,365,000 after purchasing an additional 6,592 shares during the period. Stegent Equity Advisors Inc. grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.3% in the 2nd quarter. Stegent Equity Advisors Inc. now owns 13,364 shares of the company’s stock valued at $1,545,000 after buying an additional 674 shares in the last quarter. International Assets Investment Management LLC bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter worth $307,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth $651,000.

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.