First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 52-Week High at $116.07

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) hit a new 52-week high on Monday . The stock traded as high as $116.07 and last traded at $116.01, with a volume of 10829 shares traded. The stock had previously closed at $114.94.

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

The company has a 50 day moving average of $112.22 and a two-hundred day moving average of $103.30. The stock has a market capitalization of $1.05 billion, a PE ratio of 27.59 and a beta of 1.25.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.1018 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.35%.

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

Several hedge funds and other institutional investors have recently modified their holdings of GRID. Advisors Preferred LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter worth approximately $37,000. VisionPoint Advisory Group LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth $54,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth $55,000. Spire Wealth Management grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 59.9% during the third quarter. Spire Wealth Management now owns 603 shares of the company’s stock valued at $57,000 after buying an additional 226 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 520 shares of the company’s stock worth $60,000 after acquiring an additional 200 shares during the last quarter.

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.