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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s share price reached a new 52-week high on Thursday . The stock traded as high as $130.70 and last traded at $128.99, with a volume of 89257 shares trading hands. The stock had previously closed at $130.57.

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

The company has a 50 day simple moving average of $117.57 and a two-hundred day simple moving average of $120.37. The firm has a market cap of $2.23 billion, a PE ratio of 24.79 and a beta of 1.25.

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

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1394 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.56 annualized dividend and a yield of 0.43%.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Several large investors have recently added to or reduced their stakes in GRID. Ameriflex Group Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter valued at about $26,000. US Bancorp DE grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% during the 4th quarter. US Bancorp DE now owns 236 shares of the company’s stock valued at $28,000 after purchasing an additional 86 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter worth about $49,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 438 shares of the company’s stock worth $52,000 after buying an additional 238 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.