First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 1-Year High – Here’s Why

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s stock price reached a new 52-week high on Thursday . The company traded as high as $198.00 and last traded at $197.73, with a volume of 1381743 shares changing hands. The stock had previously closed at $193.49.

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

The business has a fifty day moving average of $173.90 and a 200-day moving average of $163.69. The company has a market capitalization of $10.37 billion, a P/E ratio of 23.47 and a beta of 1.28.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1004 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after acquiring an additional 148 shares during the last quarter. Clearstead Advisors LLC increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% in the 3rd quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter worth about $31,000. Merkkuri Wealth Advisors LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter worth about $34,000. Finally, JNBA Financial Advisors increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% in the 3rd quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock worth $37,000 after acquiring an additional 227 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.