First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $120.98 and traded as high as $126.15. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund shares last traded at $125.74, with a volume of 149,700 shares traded.

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

The stock’s 50-day simple moving average is $125.25 and its two-hundred day simple moving average is $120.98. The stock has a market cap of $1.94 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.2512 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.00 annualized dividend and a dividend yield of 0.80%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthspan Partners LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% during the 2nd quarter. Wealthspan Partners LLC now owns 3,228 shares of the company’s stock worth $373,000 after purchasing an additional 130 shares during the period. World Equity Group Inc. bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter valued at about $244,000. SteelPeak Wealth LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 2nd quarter valued at approximately $312,000. Manchester Financial Inc. lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.5% in the 2nd quarter. Manchester Financial Inc. now owns 43,206 shares of the company’s stock worth $4,994,000 after acquiring an additional 627 shares during the period. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 9.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 17,639 shares of the company’s stock worth $2,038,000 after purchasing an additional 1,535 shares in 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.