First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading Down 0.2% – Here’s What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares dropped 0.2% during trading on Thursday . The stock traded as low as $191.59 and last traded at $193.88. Approximately 594,013 shares were traded during mid-day trading, a decline of 14% from the average daily 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 0.2%

The company’s fifty day simple moving average is $181.08 and its 200 day simple moving average is $167.91. The firm has a market capitalization of $10.17 billion, a PE ratio of 23.47 and a beta of 1.28.

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

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

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock valued at $26,000 after acquiring an additional 148 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter valued at approximately $31,000. Merkkuri Wealth Advisors LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter worth approximately $34,000. Clearstead Advisors LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% in the third quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth approximately $40,000.

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.