First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Reaches New 52-Week High - Still a 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 Wednesday . The company traded as high as $131.66 and last traded at $131.66, with a volume of 73190 shares traded. The stock had previously closed at $128.98.

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

The stock has a 50-day moving average of $118.68 and a two-hundred day moving average of $120.46. The company has a market cap of $2.25 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 business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.1394 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.43%.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Hedge funds have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter valued at approximately $26,000. US Bancorp DE grew its stake in 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 worth $28,000 after purchasing an additional 86 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter worth $33,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the first quarter worth $49,000. Finally, Geneos Wealth Management Inc. grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 119.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 438 shares of the company's stock worth $52,000 after purchasing an additional 238 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.