First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 52-Week High – Should You Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s share price reached a new 52-week high on Thursday . The company traded as high as $160.42 and last traded at $159.1250, with a volume of 92800 shares trading hands. The stock had previously closed at $158.84.

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

The company has a 50-day simple moving average of $153.63 and a 200-day simple moving average of $149.72. The stock has a market cap of $5.78 billion, a PE 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.338 dividend. This represents a $1.35 annualized dividend and a dividend yield of 0.8%. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRID. CIBC Private Wealth Group LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 672.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 170 shares of the company’s stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Clearstead Advisors LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 91.7% during the third quarter. Clearstead Advisors LLC now owns 207 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares during the last quarter. Hilltop National Bank purchased a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the second quarter worth $36,000. JNBA Financial Advisors grew its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,194.7% in the third quarter. JNBA Financial Advisors now owns 246 shares of the company’s stock valued at $37,000 after purchasing an additional 227 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 175.0% in the second quarter. Crewe Advisors LLC now owns 275 shares of the company’s stock valued at $38,000 after buying an additional 175 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.