First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sets New 52-Week 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 mid-day trading on Tuesday . The company traded as high as $168.18 and last traded at $168.2440, with a volume of 207403 shares. The stock had previously closed at $166.20.

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

The stock has a market cap of $6.35 billion, a PE ratio of 23.47 and a beta of 1.25. The firm’s 50-day moving average is $155.86 and its 200 day moving average is $151.16.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend 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.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GRID. Focus Partners Wealth increased its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% in the 1st quarter. Focus Partners Wealth now owns 9,716 shares of the company’s stock valued at $1,099,000 after buying an additional 395 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 43,963 shares of the company’s stock worth $6,112,000 after acquiring an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 63.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 700 shares of the company’s stock valued at $97,000 after acquiring an additional 272 shares in the last quarter. Hilltop National Bank acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth about $36,000. Finally, Ameritas Advisory Services LLC lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 27.9% in the second quarter. Ameritas Advisory Services LLC now owns 3,354 shares of the company’s stock valued at $466,000 after purchasing an additional 731 shares during the 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.