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

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First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) shares saw an uptick in trading volume on Tuesday . 1,313,950 shares were traded during trading, an increase of 861% from the previous session's volume of 136,700 shares.The stock last traded at $118.13 and had previously closed at $118.82.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 1.0 %

The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 24.44 and a beta of 1.31. The company has a 50 day simple moving average of $120.13 and a 200 day simple moving average of $122.47.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of large investors have recently modified their holdings of GRID. Proficio Capital Partners LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 8,655.1% in the fourth quarter. Proficio Capital Partners LLC now owns 7,194,291 shares of the company's stock valued at $858,567,000 after buying an additional 7,112,118 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at about $32,213,000. Strategic Financial Concepts LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at about $20,039,000. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.5% in the fourth quarter. LPL Financial LLC now owns 673,232 shares of the company's stock valued at $80,344,000 after buying an additional 157,331 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 513.2% in the third quarter. Flow Traders U.S. LLC now owns 187,378 shares of the company's stock valued at $23,844,000 after buying an additional 156,820 shares in the last quarter.

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First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

(Get Free Report)

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.

Further Reading

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