First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Stock Price Down 0.2% – What’s Next?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID – Get Free Report) traded down 0.2% during trading on Thursday . The stock traded as low as $191.59 and last traded at $193.88. 594,013 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 692,313 shares. The stock had previously closed at $194.20.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.4%

The stock has a market capitalization of $10.13 billion, a P/E ratio of 23.47 and a beta of 1.28. The firm has a 50-day moving average of $181.61 and a 200 day moving average of $168.09.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.1004 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% in the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after purchasing an additional 148 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during the third quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock valued at $31,000 after acquiring an additional 99 shares during the period. Nalls Sherbakoff Group LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter valued at $31,000. Merkkuri Wealth Advisors LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the first quarter valued at $34,000. Finally, Triumph Capital Management bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at $40,000.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

(Get Free Report)

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.

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