First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Reaches New 1-Year High at $122.99

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $122.99 and last traded at $122.98, with a volume of 18965 shares trading hands. The stock had previously closed at $121.64.

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

The business has a 50 day simple moving average of $118.97 and a 200 day simple moving average of $111.60. The stock has a market cap of $1.55 billion, a PE ratio of 29.38 and a beta of 1.25.

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

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.6379 per share. The ex-dividend date was Thursday, June 27th. This represents a $2.55 annualized dividend and a dividend yield of 2.07%.

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

A number of hedge funds have recently added to or reduced their stakes in GRID. Arlington Financial Advisors LLC increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 207.4% during the 1st quarter. Arlington Financial Advisors LLC now owns 212,170 shares of the company’s stock worth $24,317,000 after purchasing an additional 143,145 shares during the last quarter. International Assets Investment Management LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth $10,306,000. National Bank of Canada FI increased its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,533.4% during the fourth quarter. National Bank of Canada FI now owns 62,526 shares of the company’s stock worth $6,456,000 after buying an additional 58,698 shares during the last quarter. Aprio Wealth Management LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2,366.5% during the second quarter. Aprio Wealth Management LLC now owns 54,017 shares of the company’s stock valued at $6,243,000 after buying an additional 51,827 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 138.3% in the first quarter. Cetera Investment Advisers now owns 51,248 shares of the company’s stock worth $5,874,000 after buying an additional 29,739 shares during 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.