First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 12-Month High – Here’s What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) reached a new 52-week high during trading on Tuesday . The company traded as high as $168.18 and last traded at $168.2440, with a volume of 207403 shares. The stock had previously closed at $166.20.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.8%

The company’s 50-day moving average is $156.83 and its two-hundred day moving average is $151.54. The company has a market cap of $6.41 billion, a P/E ratio of 23.47 and a beta of 1.25.

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. Stockholders of record on Friday, December 12th were paid a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock valued at $26,000 after buying 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. JNBA Financial Advisors raised its stake 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 valued at $37,000 after acquiring an additional 227 shares during the period. Coastline Trust Co bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at about $40,000. Finally, Triumph Capital Management purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at about $40,000.

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.