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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw strong trading volume on Tuesday . 176,792 shares traded hands during mid-day 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 Price Performance

The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25. The firm’s 50-day moving average is $122.89 and its 200 day moving average is $122.10.

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRID. International Assets Investment Management LLC raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 18,926.4% in the 3rd quarter. International Assets Investment Management LLC now owns 505,913 shares of the company’s stock worth $64,377,000 after purchasing an additional 503,254 shares during the period. Strategic Financial Concepts LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth approximately $20,039,000. Flow Traders U.S. LLC raised its holdings in 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 during the period. Proficio Capital Partners LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at approximately $10,457,000. Finally, Stifel Financial Corp grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 171.1% during the third quarter. Stifel Financial Corp now owns 125,127 shares of the company’s stock worth $15,933,000 after buying an additional 78,980 shares during the period.

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.