First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 52-Week High at $121.65

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $121.65 and last traded at $121.55, with a volume of 98665 shares. The stock had previously closed at $121.33.

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

The firm has a fifty day simple moving average of $114.71 and a 200-day simple moving average of $106.21. The firm has a market cap of $1.10 billion, a P/E ratio of 29.38 and a beta of 1.25.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.1018 dividend. This represents a $0.41 annualized dividend and a yield of 0.33%. The ex-dividend date was Thursday, March 21st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Spire Wealth Management grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 59.9% in the third quarter. Spire Wealth Management now owns 603 shares of the company’s stock valued at $57,000 after acquiring an additional 226 shares in the last quarter. Beaumont Capital Management LLC bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at about $2,176,000. Oppenheimer & Co. Inc. lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 31.8% during the third quarter. Oppenheimer & Co. Inc. now owns 15,934 shares of the company’s stock valued at $1,496,000 after purchasing an additional 3,842 shares during the last quarter. Concentrum Wealth Management bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth about $566,000. Finally, Sigma Planning Corp increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 27.5% in the third quarter. Sigma Planning Corp now owns 3,767 shares of the company’s stock worth $354,000 after purchasing an additional 812 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.