First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Reaches New 1-Year High - Still a Buy?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $136.33 and last traded at $136.25, with a volume of 45440 shares. The stock had previously closed at $133.92.

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

The firm has a 50 day moving average of $126.38 and a 200-day moving average of $121.43. The stock has a market capitalization of $2.36 billion, a P/E ratio of 24.79 and a beta of 1.25.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1394 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 27th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Modern Wealth Management LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 94.9% during the first quarter. Modern Wealth Management LLC now owns 7,600 shares of the company's stock valued at $860,000 after purchasing an additional 3,700 shares in the last quarter. GK Wealth Management LLC boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 35.2% in the 1st quarter. GK Wealth Management LLC now owns 3,670 shares of the company's stock valued at $415,000 after buying an additional 955 shares in the last quarter. Focus Partners Wealth grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% in the first quarter. Focus Partners Wealth now owns 9,716 shares of the company's stock valued at $1,099,000 after acquiring an additional 395 shares during the period. Strive Asset Management LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the first quarter worth $2,149,000. Finally, Jane Street Group LLC lifted its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 940.3% during the first quarter. Jane Street Group LLC now owns 191,888 shares of the company's stock valued at $21,708,000 after acquiring an additional 173,442 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.