First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sets New 52-Week High – Here’s Why

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $163.00 and last traded at $157.0470, with a volume of 998 shares traded. The stock had previously closed at $155.82.

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

The stock has a market cap of $5.35 billion, a PE ratio of 23.47 and a beta of 1.25. The stock has a 50-day moving average of $153.48 and a 200 day moving average of $147.97.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.338 per share. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24. This represents a $1.35 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, December 12th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the third quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after buying an additional 148 shares in the last quarter. Clearstead Advisors LLC grew its position 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 valued at $31,000 after acquiring an additional 99 shares in the last quarter. Hilltop National Bank purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at approximately $36,000. JNBA Financial Advisors grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% in the third quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock valued at $37,000 after purchasing an additional 227 shares in the last quarter. Finally, Crewe Advisors LLC increased its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 175.0% during the 2nd quarter. Crewe Advisors LLC now owns 275 shares of the company’s stock worth $38,000 after buying an additional 175 shares during the period.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

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.