First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sets New 12-Month High - Here's Why

Key Points

• GRID hit a new 52-week high, trading as high as $188.58 (last at $187.48) with heavy volume, and its 50‑day/200‑day moving averages ($172.35/$162.37) point to upward momentum.
• The fund paid a quarterly dividend of $0.1004 per share (annualized $0.40), implying a very low yield of 0.2%.
• Significant institutional buying was reported—Raymond James now holds 328,446 shares (~$45.7M) and Ameriprise 314,059 shares (~$43.6M)—indicating notable investor interest.

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 Tuesday . The company traded as high as $188.58 and last traded at $187.48, with a volume of 850048 shares. The stock had previously closed at $187.20.

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

The business has a 50-day moving average of $172.35 and a 200-day moving average of $162.37. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 23.47 and a beta of 1.23.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1004 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of GRID. Focus Partners Wealth increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% during the 1st quarter. Focus Partners Wealth now owns 9,716 shares of the company's stock worth $1,099,000 after purchasing an additional 395 shares during the last quarter. Creative Planning increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% during the 2nd quarter. Creative Planning now owns 2,128 shares of the company's stock worth $296,000 after purchasing an additional 87 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5,283.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,375 shares of the company's stock worth $1,998,000 after purchasing an additional 14,108 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 9.1% during the 2nd quarter. Raymond James Financial Inc. now owns 328,446 shares of the company's stock worth $45,661,000 after purchasing an additional 27,411 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 314,059 shares of the company's stock worth $43,634,000 after purchasing an additional 11,313 shares during the last quarter.

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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