First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Reaches New 1-Year Low – Here’s What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $103.81 and last traded at $104.95, with a volume of 99101 shares trading hands. The stock had previously closed at $111.26.

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

The company has a market cap of $1.86 billion, a P/E ratio of 24.44 and a beta of 1.25. The business has a fifty day simple moving average of $118.33 and a 200 day simple moving average of $122.14.

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

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1394 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 8,655.1% during the fourth quarter. Proficio Capital Partners LLC now owns 7,194,291 shares of the company’s stock worth $858,567,000 after purchasing an additional 7,112,118 shares during the period. Bank of America Corp DE grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.2% during the 4th quarter. Bank of America Corp DE now owns 841,218 shares of the company’s stock valued at $100,391,000 after buying an additional 17,727 shares during the last quarter. LPL Financial LLC raised its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.5% during the fourth quarter. LPL Financial LLC now owns 673,232 shares of the company’s stock worth $80,344,000 after acquiring an additional 157,331 shares during the period. Wells Fargo & Company MN lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 392,666 shares of the company’s stock worth $46,861,000 after acquiring an additional 74,010 shares during the last quarter. Finally, Traphagen Investment Advisors LLC lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.3% in the fourth quarter. Traphagen Investment Advisors LLC now owns 327,732 shares of the company’s stock worth $39,111,000 after acquiring an additional 7,372 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.