First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Unusually-High Trading Volume After Dividend Announcement

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares saw strong trading volume on Wednesday after the company announced a dividend. 142,638 shares traded hands during mid-day trading, an increase of 67% from the previous session’s volume of 85,473 shares.The stock last traded at $116.20 and had previously closed at $117.60.

The newly announced dividend which will be paid on Friday, June 28th. Investors of record on Thursday, June 27th will be given a dividend of $0.6379 per share. This represents a $2.55 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, June 27th.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Performance

The company has a market cap of $1.04 billion, a P/E ratio of 29.38 and a beta of 1.25. The stock has a 50-day moving average of $117.77 and a two-hundred day moving average of $110.48.

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 the business. Cetera Advisors LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter worth $2,355,000. Cetera Investment Advisers grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 138.3% during the first quarter. Cetera Investment Advisers now owns 51,248 shares of the company’s stock valued at $5,874,000 after purchasing an additional 29,739 shares during the period. Kraft Davis & Associates LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 12.9% in the first quarter. Kraft Davis & Associates LLC now owns 2,317 shares of the company’s stock worth $276,000 after acquiring an additional 264 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 14.8% in the first quarter. Kestra Advisory Services LLC now owns 123,294 shares of the company’s stock worth $14,131,000 after acquiring an additional 15,915 shares during the period. Finally, Guardian Capital LP bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter worth about $979,000.

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.