First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Strong Trading Volume - What's Next?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) saw unusually-high trading volume on Monday . Approximately 282,835 shares traded hands during mid-day trading, an increase of 169% from the previous session's volume of 104,963 shares.The stock last traded at $119.99 and had previously closed at $120.51.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 0.2 %

The company has a fifty day moving average price of $124.60 and a two-hundred day moving average price of $121.57. The firm has a market capitalization of $1.87 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 business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.2731 per share. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 95.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,833 shares of the company's stock worth $2,363,000 after purchasing an additional 9,188 shares during the period. Arete Wealth Advisors LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter valued at about $1,525,000. SGL Investment Advisors Inc. purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth about $505,000. MML Investors Services LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.4% during the third quarter. MML Investors Services LLC now owns 49,049 shares of the company's stock valued at $6,241,000 after acquiring an additional 2,082 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at 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.