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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the semi-annual evaluation of the NASDAQ® Clean Edge® Smart Grid Infrastructure Index (Nasdaq:QGRD), which became effective prior to market open on Monday, March 24, 2014.
The following eight securities will be added to the Index: Toshiba Corp. (6502 JP), Osaki Electric Co Ltd. (6644 JP), Badger Meter Inc. (NYSE:BMI), Echelon Corporation (Nasdaq:ELON), Eaton Corp PLC (NYSE:ETN), Honeywell International Inc. (NYSE:HON), Johnson Controls Inc. (NYSE:JCI) and PSI Group ASA (PSI NO).
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. For more information about the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
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: Acorn Energy Inc. (Nasdaq:ACFN).
