First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading Up 0.5% – Here’s Why

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) traded up 0.5% during mid-day trading on Thursday . The company traded as high as $121.85 and last traded at $121.53. 214,614 shares traded hands during trading, an increase of 14% from the average session volume of 188,921 shares. The stock had previously closed at $120.90.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 1.1 %

The company has a 50-day moving average price of $123.02 and a two-hundred day moving average price of $121.84. The stock has a market cap of $2.11 billion, a P/E ratio of 29.38 and a beta of 1.25.

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

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.2731 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GRID. Susquehanna International Group LLP purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth $3,395,000. Aprio Wealth Management LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 39.3% during the 3rd quarter. Aprio Wealth Management LLC now owns 75,258 shares of the company’s stock worth $9,577,000 after purchasing an additional 21,241 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 7.9% during the second quarter. Cetera Investment Advisers now owns 55,282 shares of the company’s stock valued at $6,390,000 after purchasing an additional 4,034 shares in the last quarter. Ignite Planners LLC grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.2% in the third quarter. Ignite Planners LLC now owns 4,914 shares of the company’s stock valued at $625,000 after purchasing an additional 106 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at about $360,000.

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.