First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Stock Price Up 1.5% – What’s Next?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) were up 1.5% on Friday . The stock traded as high as $118.14 and last traded at $118.14. Approximately 59,464 shares were traded during trading, a decline of 59% from the average daily volume of 144,617 shares. The stock had previously closed at $116.44.

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

The stock’s fifty day simple moving average is $114.83 and its two-hundred day simple moving average is $120.39. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 21.21 and a beta of 1.25.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.1394 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.56 annualized dividend and a yield of 0.47%.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the fourth quarter worth $26,000. US Bancorp DE grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% during the fourth quarter. US Bancorp DE now owns 236 shares of the company’s stock worth $28,000 after acquiring an additional 86 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 1st quarter worth about $49,000. Geneos Wealth Management Inc. lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 438 shares of the company’s stock valued at $52,000 after purchasing an additional 238 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter valued at about $63,000.

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.