First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Unusually-High Trading Volume After Dividend Announcement

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw unusually-high trading volume on Wednesday following a dividend announcement from the company. Approximately 142,638 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 85,473 shares.The stock last traded at $116.20 and had previously closed at $117.60.

The newly announced dividend which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 27th will be paid a dividend of $0.6379 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.20%.

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

The firm has a market cap of $1.04 billion, a PE ratio of 29.38 and a beta of 1.25. The business’s 50 day moving average price is $117.77 and its 200 day moving average price is $110.48.

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

Several large investors have recently bought and sold shares of the business. Cetera Advisors LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter valued at about $2,355,000. Cetera Investment Advisers boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 138.3% in the 1st quarter. Cetera Investment Advisers now owns 51,248 shares of the company’s stock valued at $5,874,000 after purchasing an additional 29,739 shares during the last quarter. Kraft Davis & Associates LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 12.9% in the 1st quarter. Kraft Davis & Associates LLC now owns 2,317 shares of the company’s stock valued at $276,000 after purchasing an additional 264 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 14.8% in the 1st quarter. Kestra Advisory Services LLC now owns 123,294 shares of the company’s stock valued at $14,131,000 after purchasing an additional 15,915 shares during the last quarter. Finally, Guardian Capital LP acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter worth approximately $979,000.

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.