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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s share price traded up 0.5% on Thursday . The stock traded as high as $121.85 and last traded at $121.53. 214,614 shares changed 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 0.5 %

The company has a market cap of $2.08 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25. The stock has a 50-day simple moving average of $123.09 and a 200-day simple moving average of $121.78.

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

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth about $25,000. Front Row Advisors LLC boosted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% in the second quarter. Front Row Advisors LLC now owns 340 shares of the company’s stock valued at $39,000 after acquiring an additional 300 shares in the last quarter. Values First Advisors Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at approximately $56,000. Eastern Bank bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth approximately $85,000. Finally, Legacy Investment Solutions LLC bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth approximately $141,000.

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.