First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) saw unusually-strong trading volume on Tuesday . Approximately 1,313,950 shares traded hands during mid-day trading, an increase of 861% from the previous session’s volume of 136,700 shares.The stock last traded at $118.13 and had previously closed at $118.82.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.6 %

The business’s 50 day moving average is $120.27 and its 200 day moving average is $122.57. The company has a market cap of $2.11 billion, a P/E ratio of 22.84 and a beta of 1.25.

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

A number of large investors have recently made changes to their positions in GRID. Proficio Capital Partners LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 8,655.1% during the fourth quarter. Proficio Capital Partners LLC now owns 7,194,291 shares of the company’s stock worth $858,567,000 after purchasing an additional 7,112,118 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth about $32,213,000. Strategic Financial Concepts LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at about $20,039,000. LPL Financial LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.5% in the 4th quarter. LPL Financial LLC now owns 673,232 shares of the company’s stock valued at $80,344,000 after acquiring an additional 157,331 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 513.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 187,378 shares of the company’s stock worth $23,844,000 after buying an additional 156,820 shares during 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.