First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Shares Down 0.4% – What’s Next?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) dropped 0.4% during trading on Monday . The stock traded as low as $176.79 and last traded at $177.08. Approximately 458,365 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 687,859 shares. The stock had previously closed at $177.85.

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

The company’s 50 day moving average price is $188.90 and its 200 day moving average price is $177.33. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 23.47 and a beta of 1.26.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.7555 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.02 annualized dividend and a yield of 1.7%. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.10.

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 added to or reduced their stakes in the company. Annex Advisory Services LLC raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 44.4% in the second quarter. Annex Advisory Services LLC now owns 2,579 shares of the company’s stock valued at $494,000 after acquiring an additional 793 shares during the last quarter. BFI Infinity Ltd. boosted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.5% in the 2nd quarter. BFI Infinity Ltd. now owns 76,586 shares of the company’s stock worth $14,685,000 after acquiring an additional 3,326 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 25.6% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 28,762 shares of the company’s stock worth $5,515,000 after acquiring an additional 5,856 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 99.8% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 41,257 shares of the company’s stock worth $7,911,000 after acquiring an additional 20,608 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 49,996 shares of the company’s stock valued at $9,587,000 after purchasing an additional 1,601 shares in the last quarter.

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.