First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Strong Trading Volume

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares saw unusually-high trading volume on Wednesday . Approximately 142,638 shares traded hands during trading, an increase of 67% from the previous session’s volume of 85,473 shares.The stock last traded at $116.20 and had previously closed at $117.60.

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

The firm has a 50 day moving average price of $117.54 and a two-hundred day moving average price of $110.40. The company has a market capitalization of $1.04 billion, a P/E ratio of 29.38 and a beta of 1.25.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Several institutional investors have recently added to or reduced their stakes in GRID. Arlington Financial Advisors LLC raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 207.4% in the 1st quarter. Arlington Financial Advisors LLC now owns 212,170 shares of the company’s stock worth $24,317,000 after purchasing an additional 143,145 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter valued at $10,306,000. Envestnet Asset Management Inc. boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 353.5% in the third quarter. Envestnet Asset Management Inc. now owns 117,110 shares of the company’s stock valued at $10,995,000 after acquiring an additional 91,289 shares during the last quarter. National Bank of Canada FI increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,533.4% in the fourth quarter. National Bank of Canada FI now owns 62,526 shares of the company’s stock worth $6,456,000 after purchasing an additional 58,698 shares during the period. Finally, LPL Financial LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 13.2% during the 3rd quarter. LPL Financial LLC now owns 318,810 shares of the company’s stock worth $29,933,000 after purchasing an additional 37,232 shares during the last quarter.

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.