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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $139.26 and last traded at $139.02, with a volume of 682542 shares changing hands. The stock had previously closed at $138.50.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 0.5%

The company's fifty day simple moving average is $130.39 and its 200 day simple moving average is $122.21. The firm has a market capitalization of $2.59 billion, a P/E ratio of 23.47 and a beta of 1.25.

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

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.8347 dividend. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund's previous quarterly dividend of $0.14. This represents a $3.34 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, June 26th.

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

Several large investors have recently bought and sold shares of GRID. CreativeOne Wealth LLC raised its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% in the 1st quarter. CreativeOne Wealth LLC now owns 1,951 shares of the company's stock worth $221,000 after acquiring an additional 80 shares in the last quarter. US Bancorp DE grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the fourth quarter. US Bancorp DE now owns 236 shares of the company's stock worth $28,000 after purchasing an additional 86 shares during the period. SGL Investment Advisors Inc. raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.1% in the fourth quarter. SGL Investment Advisors Inc. now owns 4,154 shares of the company's stock worth $502,000 after purchasing an additional 86 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.2% in the first quarter. Capital Investment Advisory Services LLC now owns 1,851 shares of the company's stock worth $209,000 after purchasing an additional 91 shares in the last quarter. Finally, Cambridge Advisors Inc. lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.7% during the first quarter. Cambridge Advisors Inc. now owns 1,849 shares of the company's stock valued at $209,000 after buying an additional 100 shares during the period.

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.