First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Reaches New 52-Week High at $99.05

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID – Get Rating)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $99.05 and last traded at $98.90, with a volume of 4579 shares traded. The stock had previously closed at $97.65.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 1.3 %

The company has a market cap of $746.54 million, a P/E ratio of 25.75 and a beta of 1.25. The company has a 50 day moving average price of $97.16 and a 200-day moving average price of $95.79.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Monday, March 27th were issued a $0.08 dividend. The ex-dividend date was Friday, March 24th. This represents a $0.32 annualized dividend and a dividend yield of 0.32%.

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

Several hedge funds have recently modified their holdings of GRID. Cambridge Trust Co. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 4th quarter worth about $26,000. Spire Wealth Management lifted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,414.3% in the 1st quarter. Spire Wealth Management now owns 318 shares of the company’s stock worth $31,000 after acquiring an additional 297 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter worth about $40,000. SRS Capital Advisors Inc. increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 969.2% in the 1st quarter. SRS Capital Advisors Inc. now owns 417 shares of the company’s stock worth $41,000 after purchasing an additional 378 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 130.0% in the 1st quarter. Global Retirement Partners LLC now owns 536 shares of the company’s stock worth $52,000 after purchasing an additional 303 shares during the last quarter.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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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.