First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading Down 0.7% – Here’s Why

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s share price was down 0.7% during trading on Monday . The company traded as low as $185.09 and last traded at $185.17. 283,933 shares were traded during trading, a decline of 59% from the average daily volume of 690,333 shares. The stock had previously closed at $186.43.

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

The company has a market cap of $12.21 billion, a price-to-earnings ratio of 23.47 and a beta of 1.26. The company’s fifty day moving average is $185.22 and its two-hundred day moving average is $179.85.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.7555 dividend. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.02 annualized dividend and a dividend yield of 1.6%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GRID. Focus Partners Wealth boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% in the first quarter. Focus Partners Wealth now owns 9,716 shares of the company’s stock valued at $1,099,000 after purchasing an additional 395 shares during the last quarter. Creative Planning lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% in the 2nd quarter. Creative Planning now owns 2,128 shares of the company’s stock valued at $296,000 after buying an additional 87 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5,283.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,375 shares of the company’s stock valued at $1,998,000 after buying an additional 14,108 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 9.1% in the 2nd quarter. Raymond James Financial Inc. now owns 328,446 shares of the company’s stock valued at $45,661,000 after buying an additional 27,411 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 314,059 shares of the company’s stock worth $43,634,000 after buying an additional 11,313 shares during 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.