First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 52-Week High – What’s Next?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $160.42 and last traded at $159.1250, with a volume of 92800 shares traded. The stock had previously closed at $158.84.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 0.4%

The stock has a 50 day simple moving average of $153.91 and a 200-day simple moving average of $149.94. The firm has a market cap of $5.80 billion, a PE ratio of 23.47 and a beta of 1.25.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.338 dividend. This represents a $1.35 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of hedge funds have recently made changes to their positions in GRID. CIBC Private Wealth Group LLC raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock valued at $26,000 after purchasing an additional 148 shares in the last quarter. Clearstead Advisors LLC grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during the 3rd quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares in the last quarter. Hilltop National Bank bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 2nd quarter valued at about $36,000. JNBA Financial Advisors lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% in the 3rd quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock worth $37,000 after purchasing an additional 227 shares during the period. Finally, Crewe Advisors LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 175.0% during 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.

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.