First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading Up 0.4%

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s stock price rose 0.4% during mid-day trading on Thursday . The company traded as high as $121.87 and last traded at $120.73. Approximately 90,474 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 93,605 shares. The stock had previously closed at $120.30.

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

The firm has a 50-day moving average of $117.79 and a 200 day moving average of $115.53. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25.

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

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.6379 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.55 dividend on an annualized basis and a yield of 2.09%.

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

A number of large investors have recently added to or reduced their stakes in GRID. International Assets Investment Management LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at about $10,306,000. SRS Capital Advisors Inc. boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 255.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,772 shares of the company’s stock worth $290,000 after acquiring an additional 1,993 shares during the period. Concentrum Wealth Management increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 17.5% during the 4th quarter. Concentrum Wealth Management now owns 7,085 shares of the company’s stock worth $742,000 after acquiring an additional 1,056 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,533.4% during the 4th quarter. National Bank of Canada FI now owns 62,526 shares of the company’s stock worth $6,456,000 after acquiring an additional 58,698 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at $83,000.

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.