First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sets New 12-Month High - Should You Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock 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 Price Performance

The company's 50 day moving average price is $120.37 and its 200 day moving average price is $120.76. The firm has a market cap of $2.29 billion, a PE 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.1394 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Thursday, March 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CreativeOne Wealth LLC lifted its stake in 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 worth $221,000 after acquiring an additional 80 shares during the last quarter. US Bancorp DE lifted 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 acquiring an additional 86 shares during the last quarter. SGL Investment Advisors Inc. lifted its stake in 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 worth $502,000 after acquiring an additional 86 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in 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 worth $209,000 after acquiring an additional 91 shares during the last quarter. Finally, Cambridge Advisors Inc. lifted its stake in 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 worth $209,000 after acquiring an additional 100 shares during the last quarter.

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.