First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) to Issue Quarterly Dividend of $0.83 on June 30th

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) announced a quarterly dividend on Wednesday, June 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 26th will be paid a dividend of 0.8347 per share on Monday, June 30th. This represents a $3.34 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, June 26th. This is a 498.8% increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.14.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 0.8%

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock opened at $137.02 on Friday. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has a twelve month low of $99.78 and a twelve month high of $137.34. The business has a 50-day moving average price of $127.36 and a 200-day moving average price of $121.61. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 24.79 and a beta of 1.25.

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

A hedge fund recently raised its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock. Focus Partners Wealth grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) by 4.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 9,716 shares of the company’s stock after acquiring an additional 395 shares during the quarter. Focus Partners Wealth owned about 0.06% of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund worth $1,099,000 at the end of the most recent reporting period.

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.