First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Reaches New 52-Week High - Should You Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $140.35 and last traded at $139.00, with a volume of 45458 shares changing hands. The stock had previously closed at $138.80.

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

The business's 50-day moving average is $133.74 and its two-hundred day moving average is $123.37. The stock has a market capitalization of $2.78 billion, a PE ratio of 23.47 and a beta of 1.25.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a $0.8347 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 2.34%. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Institutional investors have recently made changes to their positions in the stock. Kraft Davis & Associates LLC boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.1% during the 4th quarter. Kraft Davis & Associates LLC now owns 2,947 shares of the company's stock worth $355,000 after purchasing an additional 681 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 460.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 527 shares of the company's stock worth $64,000 after purchasing an additional 433 shares in the last quarter. Concentrum Wealth Management boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 34.1% during the 4th quarter. Concentrum Wealth Management now owns 12,142 shares of the company's stock worth $1,449,000 after purchasing an additional 3,088 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 24.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,182 shares of the company's stock worth $499,000 after purchasing an additional 815 shares in the last quarter. Finally, Biltmore Family Office LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter worth $969,000.

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.