First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Share Price Crosses Above 200 Day Moving Average – What’s Next?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $121.27 and traded as high as $127.09. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund shares last traded at $126.96, with a volume of 271,897 shares changing hands.

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

The firm’s 50-day simple moving average is $125.27 and its 200-day simple moving average is $121.31. The company has a market capitalization of $1.96 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 business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.2512 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%.

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

Institutional investors have recently added to or reduced their stakes in the company. Ignite Planners LLC boosted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.2% in the 3rd quarter. Ignite Planners LLC now owns 4,914 shares of the company’s stock worth $625,000 after acquiring an additional 106 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.6% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,166 shares of the company’s stock worth $403,000 after purchasing an additional 111 shares in the last quarter. Wealthspan Partners LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% during the second quarter. Wealthspan Partners LLC now owns 3,228 shares of the company’s stock valued at $373,000 after purchasing an additional 130 shares during the last quarter. Corrado Advisors LLC raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.3% in the 3rd quarter. Corrado Advisors LLC now owns 10,212 shares of the company’s stock worth $1,300,000 after purchasing an additional 133 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 0.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 17,804 shares of the company’s stock worth $2,266,000 after buying an additional 165 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.