First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
190 hedge funds and large institutions have $536M invested in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in 2024 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 66 increasing their positions, 56 reducing their positions, and 19 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
63% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 19
18% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 56
16% more capital invested
Capital invested by funds: $461M → $536M (+$74.6M)
4% more funds holding
Funds holding: 182 → 190 (+8)
2.81% less ownership
Funds ownership: 56.5% → 53.7% (-2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIA
Traphagen Investment Advisors
Oradell,
New Jersey
|
+$27.9M |
| 2 |
GWM
Gitterman Wealth Management
Edison,
New Jersey
|
+$19.2M |
| 3 |
AFA
Arlington Financial Advisors
Santa Barbara,
California
|
+$15.2M |
| 4 |
MTWSIF
Mivtachim The Workers Social Insurance Fund
Tel Aviv,
Israel
|
+$13.8M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$6.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$46.5M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$8.4M |
| 3 |
CAM
Concorde Asset Management
Ann Arbor,
Michigan
|
-$6.31M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$5.86M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
201
MJP Associates
Farmington,
Connecticut
| – | -$209K | -1,995 | Closed |
|
|
SAM
202
Synergy Asset Management
Vancouver,
Washington
| – | -$204K | -1,948 | Closed |
|
|
AP
203
Advisors Preferred
Rockville,
Maryland
| – | -$45.4K | -439 | Closed |
|
|
TWM
204
Tradition Wealth Management
Edina,
Minnesota
| – | -$19K | -184 | Closed |
|
|
JFA
205
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$16.5K | -158 | Closed |
|
206
Bessemer Group
Woodbridge,
New Jersey
| – | -$6K | -56 | Closed |
|
|
AWM
207
Abound Wealth Management
Franklin,
Tennessee
| – | -$629 | -6 | Closed |
|
|
AWM
208
Avior Wealth Management
Omaha,
Nebraska
| – | -$314 | -3 | Closed |
|
|
MSWM
209
McGlone Suttner Wealth Management
Appleton,
Wisconsin
| – | -$215 | -2 | Closed |
|
GRID Hedge Fund Activity: Q1 2024 in Review
190 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) for Q1 2024, worth a combined $536M — up 16% from $461M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new GRID positions and 19 closed out — a net gain of 12 holders — while 66 added to existing stakes and 56 trimmed.
The largest buyer was Traphagen Investment Advisors, adding an estimated $27.9M. The largest seller was Morgan Stanley, cutting an estimated $46.5M.
- 190 institutional investors held First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) as of Q1 2024, up from 182 in Q4 2023.
- Funds reported $536M of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock for Q1 2024, up 16% quarter-over-quarter.
- 31 funds opened new First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund positions in Q1 2024 and 19 closed out, a net change of +12 holders.
- The largest First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund buyer in Q1 2024 was Traphagen Investment Advisors, an estimated $27.9M added.
- The largest First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund seller in Q1 2024 was Morgan Stanley, an estimated $46.5M sold.
Based on aggregated 13F filings for Q1 2024.