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) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $129.39 and last traded at $129.31, with a volume of 96580 shares. The stock had previously closed at $128.91.

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

The business has a 50 day moving average of $117.15 and a 200-day moving average of $120.29. The firm has a market capitalization of $2.26 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 announced 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. The ex-dividend date was Thursday, March 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.43%.

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

A number of large investors have recently bought and sold shares of GRID. Focus Partners Wealth grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.2% during the 1st quarter. Focus Partners Wealth now owns 9,716 shares of the company's stock worth $1,099,000 after acquiring an additional 395 shares in the last quarter. Strive Asset Management LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 1st quarter worth approximately $2,149,000. Jane Street Group LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 940.3% during the 1st quarter. Jane Street Group LLC now owns 191,888 shares of the company's stock worth $21,708,000 after acquiring an additional 173,442 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 1st quarter worth approximately $479,000. Finally, Legacy Wealth Managment LLC ID grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 10.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,846 shares of the company's stock worth $322,000 after acquiring an additional 269 shares in 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.