First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Unusually-High Trading Volume – Still a Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares saw unusually-high trading volume on Tuesday . Approximately 1,313,950 shares traded hands during trading, an increase of 861% from the previous session’s volume of 136,700 shares.The stock last traded at $118.13 and had previously closed at $118.82.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 0.6 %

The stock’s fifty day moving average price is $120.27 and its 200-day moving average price is $122.57. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 22.84 and a beta of 1.25.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in GRID. US Bancorp DE boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% during the 4th quarter. US Bancorp DE now owns 236 shares of the company’s stock worth $28,000 after purchasing an additional 86 shares during the period. SGL Investment Advisors Inc. boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.1% in the fourth quarter. SGL Investment Advisors Inc. now owns 4,154 shares of the company’s stock valued at $502,000 after acquiring an additional 86 shares in the last quarter. HBW Advisory Services LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.1% in the fourth quarter. HBW Advisory Services LLC now owns 9,496 shares of the company’s stock valued at $1,133,000 after acquiring an additional 106 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 0.6% in the fourth quarter. Sanctuary Advisors LLC now owns 18,952 shares of the company’s stock valued at $2,304,000 after acquiring an additional 119 shares in the last quarter. Finally, Hanlon Investment Management Inc. raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.9% in the fourth quarter. Hanlon Investment Management Inc. now owns 4,324 shares of the company’s stock valued at $516,000 after buying an additional 122 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.