First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 1-Year High – What’s Next?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) reached a new 52-week high on Tuesday . The stock traded as high as $133.06 and last traded at $132.52, with a volume of 86952 shares. The stock had previously closed at $132.63.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.1%

The company has a fifty day simple moving average of $121.73 and a two-hundred day simple moving average of $120.96. The stock has a market capitalization of $2.41 billion, a P/E ratio of 24.79 and a beta of 1.25.

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. Stockholders of record on Thursday, March 27th were issued a $0.1394 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%.

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

Institutional investors have recently modified their holdings of the company. Ameriflex Group Inc. bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter valued at about $26,000. US Bancorp DE lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the fourth quarter. US Bancorp DE now owns 236 shares of the company’s stock valued at $28,000 after purchasing an additional 86 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter valued at about $49,000. Finally, Private Trust Co. NA lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2,000.0% in the fourth quarter. Private Trust Co. NA now owns 525 shares of the company’s stock valued at $63,000 after purchasing an additional 500 shares in 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.