First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Reaches New 1-Year High - What's Next?

Key Points

• The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) recently reached a new 1-year high, trading at $154.61 with a volume of 74,735 shares.
• The fund has a market cap of $4.11 billion and a P/E ratio of 23.47, reflecting its performance in the smart grid infrastructure sector.
• Institutional investors have shown increased interest, with several firms, including Crewe Advisors LLC and Pirae Asset Global Investments Co. Ltd., adding to their positions in the fund

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - )'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $154.33 and last traded at $154.61, with a volume of 74735 shares. The stock had previously closed at $152.38.

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

The firm has a fifty day simple moving average of $146.81 and a 200-day simple moving average of $134.82. The firm has a market cap of $4.11 billion, a P/E ratio of 23.47 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 Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.2357 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.94 annualized dividend and a yield of 0.6%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRID. Hazlett Burt & Watson Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at approximately $33,000. Hilltop National Bank bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at approximately $36,000. Crewe Advisors LLC lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 175.0% in the second quarter. Crewe Advisors LLC now owns 275 shares of the company's stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at approximately $49,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the second quarter valued at approximately $55,000.

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.

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