First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $121.27 and traded as high as $127.09. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund shares last traded at $126.96, with a volume of 271,897 shares changing hands.

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

The stock's 50 day moving average price is $125.27 and its two-hundred day moving average price is $121.31. The firm has a market capitalization of $1.96 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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2512 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 18,926.4% in the third quarter. International Assets Investment Management LLC now owns 505,913 shares of the company's stock valued at $64,377,000 after acquiring an additional 503,254 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 31.8% during the second quarter. LPL Financial LLC now owns 419,669 shares of the company's stock worth $48,505,000 after buying an additional 101,175 shares in the last quarter. Traphagen Investment Advisors LLC grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 10.1% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 320,360 shares of the company's stock worth $40,766,000 after acquiring an additional 29,349 shares during the period. Arlington Financial Advisors LLC boosted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 0.7% during the second quarter. Arlington Financial Advisors LLC now owns 213,734 shares of the company's stock worth $24,703,000 after purchasing an additional 1,564 shares during the last quarter. Finally, Flow Traders U.S. LLC boosted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 513.2% during the third quarter. Flow Traders U.S. LLC now owns 187,378 shares of the company's stock worth $23,844,000 after purchasing an additional 156,820 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.