First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Stock Price Up 1% - Here's What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) shares shot up 1% on Tuesday . The stock traded as high as $124.35 and last traded at $124.19. 236,598 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 196,129 shares. The stock had previously closed at $122.92.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 2.0 %

The company has a fifty day moving average of $121.62 and a two-hundred day moving average of $122.48. The stock has a market capitalization of $2.19 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 Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.2731 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter worth approximately $25,000. US Bancorp DE increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the 4th quarter. US Bancorp DE now owns 236 shares of the company's stock worth $28,000 after buying an additional 86 shares during the period. Geneos Wealth Management Inc. increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 438 shares of the company's stock worth $52,000 after buying an additional 238 shares during the period. Values First Advisors Inc. bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter worth approximately $56,000. Finally, Private Trust Co. NA increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2,000.0% in the 4th quarter. Private Trust Co. NA now owns 525 shares of the company's stock worth $63,000 after buying an additional 500 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.