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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund logo with background

Key Points

  • The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ: GRID) reached a new 52-week high of $145.97 during mid-day trading, with a latest trading price of $143.86.
  • Quarterly dividends have increased to $0.8347 per share, marking a significant rise from the previous dividend of $0.14, resulting in a 2.3% dividend yield.
  • Large investors are actively engaging with the fund, with various institutions such as Ameriflex Group Inc. and Crewe Advisors LLC making significant stake adjustments recently.
  • Need better tools to track First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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 Wednesday . The company traded as high as $145.97 and last traded at $143.86, with a volume of 327 shares changing hands. The stock had previously closed at $144.17.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 1.6%

The company has a market capitalization of $2.95 billion, a PE ratio of 23.47 and a beta of 1.25. The stock's fifty day simple moving average is $141.49 and its 200-day simple moving average is $128.12.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.8347 per share. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 2.3%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter valued at $26,000. Hilltop National Bank purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth about $36,000. Crewe Advisors LLC raised 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 in the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter valued at about $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth about $55,000.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

(Get Free Report)

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.

See Also

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