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

Description:

This exchange-traded fund seeks investment results that correspond generally 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 IndexSM.The index is designed to track the performance of common stocks in the grid and electric energy infrastructure sector.The index includes companies that are primarily engaged and involved in electric grid, electric meters and devices, networks, energy storage and management, and enabling software used by the smart grid infrastructure sector. To be included in the index, a security must meet certain criteria including being classified as a smart grid, electric infrastructure and/or other grid-related activities company according to Clean Edge, have a minimum float-adjusted worldwide market capitalization of $100 million, and have a minimum three-month average daily dollar trading volume of $500 thousand. The index employs a modified market-capitalization weighting methodology. At each evaluation, the index securities are classified as Pure Play or Diversified. The Pure Play securities are given a collective weight of 80% and the Diversified securities are given a collective weight of 20% in the index. The index is rebalanced quarterly and reconstituted semi-annually. Source: First Trust [read more]

Last Trade: $43.76
Trade Time: 04/28/2017
Prev Close: $43.76
Open: $44.79
High: $44.79
Low: $43.40
Volume: 3,062
Optionable: No
Yield: 1.003
Annual Dividend: 0.435
Dividend Freq: Quarterly
Leverage: No
Inverse: No
Expense Ratio: 0.700
Inception Date: 11/16/2009
  • Industrial (83.5400%)
  • Utilities (11.4000%)
  • Technology (4.8600%)

  • United States (46.2400%)
  • Japan (9.1300%)
  • Switzerland (8.9000%)
  • Italy (8.5500%)
  • France (8.3700%)
  • Spain (7.7700%)
  • Germany (6.1300%)
  • Hong Kong (2.7400%)
  • United Kingdom (1.9700%)