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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $133.06 and last traded at $132.52, with a volume of 86952 shares trading hands. The stock had previously closed at $132.63.

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

The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 24.79 and a beta of 1.25. The business's fifty day simple moving average is $120.72 and its 200 day simple moving average is $120.79.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1394 per share. This represents a $0.56 annualized dividend and a yield of 0.42%. The ex-dividend date was Thursday, March 27th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 23.9% in the fourth quarter. Blue Trust Inc. now owns 1,104 shares of the company's stock worth $132,000 after purchasing an additional 213 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter worth about $63,000. Strategic Financial Concepts LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter worth about $409,000. Meitav Investment House Ltd. boosted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 424.8% in the 4th quarter. Meitav Investment House Ltd. now owns 185,207 shares of the company's stock valued at $22,103,000 after buying an additional 149,919 shares during the period. Finally, WealthBridge Capital Management LLC grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 16.2% during the 4th quarter. WealthBridge Capital Management LLC now owns 24,219 shares of the company's stock valued at $2,890,000 after buying an additional 3,382 shares during the last quarter.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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.