First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 52-Week High - Still a Buy?

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Down 0.2%

The stock has a market cap of $2.78 billion, a P/E ratio of 23.47 and a beta of 1.25. The business has a 50-day simple moving average of $134.12 and a 200-day simple moving average of $123.53.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.8347 dividend. This represents a $3.34 annualized dividend and a dividend yield of 2.34%. This is a boost 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

Several hedge funds have recently modified their holdings of the business. CreativeOne Wealth LLC boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.3% in the first quarter. CreativeOne Wealth LLC now owns 1,951 shares of the company's stock valued at $221,000 after acquiring an additional 80 shares during the period. US Bancorp DE boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 57.3% in the fourth quarter. US Bancorp DE now owns 236 shares of the company's stock valued at $28,000 after acquiring an additional 86 shares during the period. SGL Investment Advisors Inc. boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.1% in the fourth quarter. SGL Investment Advisors Inc. now owns 4,154 shares of the company's stock valued at $502,000 after acquiring an additional 86 shares during the period. Capital Investment Advisory Services LLC boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.2% in the first quarter. Capital Investment Advisory Services LLC now owns 1,851 shares of the company's stock valued at $209,000 after acquiring an additional 91 shares during the period. Finally, Cambridge Advisors Inc. boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.7% in the first quarter. Cambridge Advisors Inc. now owns 1,849 shares of the company's stock valued at $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.