First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Sets New 1-Year 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 on Monday . The company traded as high as $143.80 and last traded at $142.87, with a volume of 146451 shares traded. The stock had previously closed at $142.68.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 0.1%

The business has a 50 day moving average of $135.43 and a 200 day moving average of $124.17. The company has a market capitalization of $2.91 billion, a P/E ratio of 23.47 and a beta of 1.25.

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

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a $0.8347 dividend. The ex-dividend date was Thursday, June 26th. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund's previous quarterly dividend of $0.14. This represents a $3.34 dividend on an annualized basis and a dividend yield of 2.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.5% in the 4th quarter. LPL Financial LLC now owns 673,232 shares of the company's stock worth $80,344,000 after purchasing an additional 157,331 shares during the period. Modern Wealth Management LLC acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the fourth quarter worth $962,000. Nomura Asset Management Co. Ltd. raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 24.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,182 shares of the company's stock valued at $499,000 after acquiring an additional 815 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 460.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 527 shares of the company's stock valued at $64,000 after buying an additional 433 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.9% in the fourth quarter. National Bank of Canada FI now owns 1,165 shares of the company's stock valued at $139,000 after buying an additional 350 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.