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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) hit a new 52-week high on Monday . The company traded as high as $172.64 and last traded at $172.8350, with a volume of 79400 shares. The stock had previously closed at $170.85.

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

The firm has a market capitalization of $6.72 billion, a P/E ratio of 23.47 and a beta of 1.25. The company’s 50 day moving average price is $157.19 and its 200 day moving average price is $151.85.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.338 per share. 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. This represents a $1.35 dividend on an annualized basis and a dividend yield of 0.8%.

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

Several hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew 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 worth $26,000 after buying an additional 148 shares during the period. Clearstead Advisors LLC grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during 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 period. JNBA Financial Advisors raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% during 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 last quarter. Crewe Advisors LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 175.0% in the 2nd quarter. Crewe Advisors LLC now owns 275 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares during the period. Finally, Coastline Trust Co bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth 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.