First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Unusually-High Trading Volume – Here’s What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares saw unusually-high trading volume on Thursday. 1,932,320 shares were traded during 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 Price Performance

The firm has a market capitalization of $11.05 billion, a PE ratio of 23.47 and a beta of 1.26. The firm has a fifty day moving average price of $177.72 and a 200 day moving average price of $183.34.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid 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 yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 160.5% in the first quarter. Cetera Investment Advisers now owns 568,057 shares of the company’s stock worth $92,923,000 after acquiring an additional 349,964 shares during the last quarter. Bank of America Corp DE boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 19.1% during the first quarter. Bank of America Corp DE now owns 2,121,584 shares of the company’s stock valued at $347,049,000 after purchasing an additional 340,826 shares during the last quarter. Royal Bank of Canada boosted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.1% during the first quarter. Royal Bank of Canada now owns 441,118 shares of the company’s stock valued at $72,158,000 after purchasing an additional 168,929 shares during the last quarter. Ayalon Insurance Comp Ltd. purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at about $28,534,000. Finally, McKinley Carter Wealth Services Inc. purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at about $14,945,000.

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.