First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sets New 52-Week 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 Wednesday . The company traded as high as $132.32 and last traded at $132.27, with a volume of 25214 shares trading hands. The stock had previously closed at $131.46.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Down 0.6%

The stock's 50-day moving average price is $119.63 and its two-hundred day moving average price is $120.67. The stock has a market capitalization of $2.27 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.1394 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of institutional investors have recently modified their holdings of GRID. Blue Trust Inc. lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 23.9% during the 4th quarter. Blue Trust Inc. now owns 1,104 shares of the company's stock valued at $140,000 after buying an additional 213 shares in the last quarter. 1858 Wealth Management LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 56.2% during the 4th quarter. 1858 Wealth Management LLC now owns 12,410 shares of the company's stock valued at $1,481,000 after buying an additional 4,466 shares in the last quarter. Foguth Wealth Management LLC. lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.1% during the 4th quarter. Foguth Wealth Management LLC. now owns 25,440 shares of the company's stock valued at $3,239,000 after buying an additional 1,237 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter valued at approximately $775,000. Finally, Hedeker Wealth LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter valued at approximately $1,169,000.

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.