First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 1-Year High - Time to Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $133.06 and last traded at $132.52, with a volume of 86952 shares. The stock had previously closed at $132.63.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 1.0%

The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 24.79 and a beta of 1.25. The stock's 50 day moving average is $123.00 and its 200 day moving average is $121.07.

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

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.1394 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CreativeOne Wealth LLC grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% during the 1st quarter. CreativeOne Wealth LLC now owns 1,951 shares of the company's stock worth $221,000 after purchasing an additional 80 shares in the last quarter. US Bancorp DE grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% during the 4th quarter. US Bancorp DE now owns 236 shares of the company's stock worth $28,000 after acquiring an additional 86 shares during the period. SGL Investment Advisors Inc. grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.1% during the 4th quarter. SGL Investment Advisors Inc. now owns 4,154 shares of the company's stock worth $502,000 after acquiring an additional 86 shares during the period. Capital Investment Advisory Services LLC grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.2% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,851 shares of the company's stock worth $209,000 after acquiring an additional 91 shares during the period. Finally, Cambridge Advisors Inc. grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.7% during the 1st quarter. Cambridge Advisors Inc. now owns 1,849 shares of the company's stock worth $209,000 after acquiring an additional 100 shares during the period.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Company Profile

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.