First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Experiences Big Inflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2024
0mins
Source: NASDAQ.COM
- Stock Analysis: GRID's 52-week range is between $85.10 and $119.489 per share, with the last trade at $119.09. Comparing the current share price to the 200-day moving average is a useful technical analysis method.
- Exchange Traded Funds (ETFs): ETFs trade like stocks, where investors buy and sell "units." These units can be traded similarly to stocks and can be created or destroyed based on investor demand.
- Monitoring ETFs: Weekly monitoring of changes in shares outstanding data helps identify ETFs with notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units involves purchasing underlying holdings, while destruction involves selling them.
- Notable Inflows: Investors can find out which other 9 ETFs had significant inflows by clicking on a provided link.
- Disclaimer: The views and opinions expressed in the content belong to the author and may not necessarily reflect those of Nasdaq, Inc.
Analyst Views on JCI
Wall Street analysts forecast JCI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JCI is 128.78 USD with a low forecast of 119.00 USD and a high forecast of 142.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 114.510
Low
119.00
Averages
128.78
High
142.00
Current: 114.510
Low
119.00
Averages
128.78
High
142.00
About JCI
Johnson Controls International plc specializes in smart buildings. The Company's segments include Americas, EMEA and APAC. The Company is engaged in engineering, manufacturing, commissioning and retrofitting building products and systems, including commercial heating, ventilating, air-conditioning (HVAC) equipment, industrial refrigeration systems, controls, security systems, fire-detection systems and fire-suppression solutions. The Company also serves customers by providing technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, controls, security and fire-protection space) and energy-management consulting. The Company serves various industries, including healthcare, schools, data centers, airports, stadiums and manufacturing. The Company's OpenBlue digital software platform enables enterprises to better manage their physical spaces by combining its building products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
