First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 52-Week Low at $77.42

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First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRIDGet Rating)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $77.42 and last traded at $77.42, with a volume of 2 shares. The stock had previously closed at $80.18.

The stock has a fifty day moving average price of $85.48 and a 200-day moving average price of $91.69.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were given a dividend of $0.129 per share. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.04. This represents a $0.52 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, March 25th.

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 7.4% in the 1st quarter. Bank of America Corp DE now owns 384,189 shares of the company’s stock worth $36,136,000 after purchasing an additional 26,310 shares in the last quarter. Morgan Stanley boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 28.0% in the 3rd quarter. Morgan Stanley now owns 345,898 shares of the company’s stock valued at $32,034,000 after buying an additional 75,590 shares in the last quarter. UBS Group AG boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 10.3% in the 1st quarter. UBS Group AG now owns 290,306 shares of the company’s stock valued at $27,306,000 after buying an additional 27,094 shares in the last quarter. LPL Financial LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 28.1% in the fourth quarter. LPL Financial LLC now owns 289,835 shares of the company’s stock worth $29,757,000 after purchasing an additional 63,649 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.2% during the fourth quarter. Private Advisor Group LLC now owns 196,060 shares of the company’s stock valued at $20,129,000 after acquiring an additional 5,989 shares during the period.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)

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.

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