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) 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 Up 1.0 %

The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25. The business’s 50-day simple moving average is $124.53 and its two-hundred day simple moving average is $121.59.

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

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.2731 per share. The ex-dividend date of this dividend is Friday, December 13th.

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

Several institutional investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter valued at approximately $121,000. Hanlon Investment Management Inc. purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter valued at $402,000. Synergy Asset Management LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at about $222,000. Commonwealth Equity Services LLC increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 47.4% during the second quarter. Commonwealth Equity Services LLC now owns 110,901 shares of the company’s stock worth $12,818,000 after purchasing an additional 35,652 shares in the last quarter. Finally, Aveo Capital Partners LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth about $3,769,000.

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.