The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) and Clean Edge, Inc. announced today the results of the semi-annual evaluation of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (Nasdaq: QGRD), which will become effective with the market open today.
The following four securities will be added to the Index: Enphase Energy Inc (Nasdaq: ENPH), Pike Electric Corporation (NYSE: PIKE), PowerSecure International (Nasdaq: POWR) and Wasion Group Holdings LTD (HKSE: 3393).
The index is designed to act as a transparent and liquid benchmark for the smart grid and electric infrastructure sector. The index includes companies that are primarily engaged and involved in electric grid; electric meters, devices, and networks; energy storage and management; and enabling software used by the smart grid and electric infrastructure sector. The securities must also meet other eligibility criteria which include minimum requirements for market capitalization and average daily dollar trading volume. The NASDAQ OMX Clean Edge Smart Grid Infrastructure Index is evaluated semi-annually in March and September.
The First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (Nasdaq: GRID), is an exchange traded fund that seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of the NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index.
As a result of the evaluation, the following security will be removed from the Index: Echelon Corporation (Nasdaq: ELON).