First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Increases Dividend to $0.83 Per Share

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) announced a quarterly dividend on Wednesday, June 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 26th will be paid a dividend of 0.8347 per share on Monday, June 30th. This represents a $3.34 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, June 26th. This is a 498.8% increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund's previous quarterly dividend of $0.14.

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

Shares of NASDAQ GRID traded up $1.06 during trading hours on Thursday, reaching $137.02. 147,728 shares of the stock traded hands, compared to its average volume of 139,271. The company's 50-day simple moving average is $126.87 and its two-hundred day simple moving average is $121.53. The company has a market capitalization of $2.37 billion, a P/E ratio of 24.79 and a beta of 1.25. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a 52-week low of $99.78 and a 52-week high of $137.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock. Focus Partners Wealth increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,716 shares of the company's stock after acquiring an additional 395 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.

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