First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Large Volume Increase - Should You Buy?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) saw an uptick in trading volume on Tuesday . 176,792 shares changed hands during trading, a decline of 15% from the previous session's volume of 209,168 shares.The stock last traded at $118.58 and had previously closed at $120.16.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 0.7 %

The company has a market cap of $2.13 billion, a P/E ratio of 29.38 and a beta of 1.25. The stock's 50-day moving average price is $122.83 and its 200-day moving average price is $122.10.

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

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2731 dividend. The ex-dividend date was Friday, December 13th.

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

Several institutional investors have recently made changes to their positions in GRID. FSA Wealth Management LLC bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at about $25,000. Geneos Wealth Management Inc. lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 438 shares of the company's stock valued at $52,000 after purchasing an additional 238 shares during the last quarter. Values First Advisors Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at about $56,000. Eastern Bank purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at about $85,000. Finally, Allworth Financial LP lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 296.5% during the fourth quarter. Allworth Financial LP now owns 793 shares of the company's stock valued at $101,000 after purchasing an additional 593 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.