First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Reaches New 12-Month High – Here’s What Happened

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $179.08 and last traded at $179.1040, with a volume of 346646 shares traded. The stock had previously closed at $176.82.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 1.1%

The firm has a market capitalization of $6.91 billion, a PE ratio of 23.47 and a beta of 1.25. The firm’s 50 day moving average price is $162.42 and its two-hundred day moving average price is $154.57.

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

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

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

Several institutional investors have recently modified their holdings of GRID. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at approximately $156,670,000. Morgan Stanley grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% in the 4th quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock worth $451,252,000 after buying an additional 691,924 shares in the last quarter. LPL Financial LLC increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% in the 4th quarter. LPL Financial LLC now owns 1,699,802 shares of the company’s stock valued at $260,104,000 after acquiring an additional 503,963 shares during the period. Wells Fargo & Company MN increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 43.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,023,888 shares of the company’s stock valued at $156,675,000 after acquiring an additional 307,664 shares during the period. Finally, UBS Group AG raised its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.8% during the 4th quarter. UBS Group AG now owns 1,267,833 shares of the company’s stock valued at $194,004,000 after acquiring an additional 298,762 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.