First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Stock Price Up 0.2% - What's Next?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report)'s stock price shot up 0.2% on Monday . The company traded as high as $123.62 and last traded at $123.32. 117,655 shares were traded during trading, an increase of 19% from the average session volume of 98,463 shares. The stock had previously closed at $123.12.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 0.6 %

The firm's fifty day simple moving average is $124.96 and its 200-day simple moving average is $120.77. The firm has a market capitalization of $1.92 billion, a PE 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2512 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%.

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

Several institutional investors have recently added to or reduced their stakes in GRID. Arete Wealth Advisors LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at $1,525,000. SGL Investment Advisors Inc. bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at about $505,000. MML Investors Services LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.4% in the third quarter. MML Investors Services LLC now owns 49,049 shares of the company's stock worth $6,241,000 after acquiring an additional 2,082 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at approximately $141,000. Finally, Dunhill Financial LLC lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.4% during the third quarter. Dunhill Financial LLC now owns 16,544 shares of the company's stock valued at $2,105,000 after purchasing an additional 388 shares during the period.

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.