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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw unusually-strong trading volume on Thursday. 1,932,320 shares changed hands during mid-day trading, an increase of 194% from the previous session’s volume of 656,653 shares. The stock last traded at $163.1540 and had previously closed at $170.50.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 4.3%

The firm’s fifty day moving average price is $178.73 and its 200-day moving average price is $183.50. The stock has a market cap of $11.05 billion, a P/E ratio of 23.47 and a beta of 1.26.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.3534 per share. This is a drop from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.7555. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 24th.

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

Large investors have recently bought and sold shares of the company. Brookstone Capital Management increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 54.6% during the third quarter. Brookstone Capital Management now owns 3,808 shares of the company’s stock valued at $674,000 after purchasing an additional 1,345 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at $36,000. Catalyst Investment Management LLC bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter worth about $674,000. Arwa LLC lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 45.2% during the third quarter. Arwa LLC now owns 5,193 shares of the company’s stock valued at $931,000 after purchasing an additional 1,616 shares during the period. Finally, Grantvest Financial Group LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 34.6% in the 3rd quarter. Grantvest Financial Group LLC now owns 3,750 shares of the company’s stock worth $664,000 after buying an additional 963 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.