First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Shares Up 1.6% – Should You Buy?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) were up 1.6% during trading on Monday . The stock traded as high as $181.42 and last traded at $181.08. Approximately 294,654 shares were traded during trading, a decline of 56% from the average session volume of 665,651 shares. The stock had previously closed at $178.25.

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

The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 23.47 and a beta of 1.26. The company’s 50 day simple moving average is $180.24 and its two-hundred day simple moving average is $181.78.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GRID. Richmond Investment Services LLC lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.3% during the 1st quarter. Richmond Investment Services LLC now owns 3,502 shares of the company’s stock valued at $573,000 after purchasing an additional 79 shares during the last quarter. Sovran Advisors LLC grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.3% during the first quarter. Sovran Advisors LLC now owns 6,972 shares of the company’s stock worth $1,140,000 after buying an additional 90 shares during the last quarter. Kraft Davis & Associates LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.9% during the second quarter. Kraft Davis & Associates LLC now owns 3,329 shares of the company’s stock worth $604,000 after buying an additional 94 shares in the last quarter. CI Investments Inc. increased its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.4% during the first quarter. CI Investments Inc. now owns 3,077 shares of the company’s stock worth $503,000 after buying an additional 100 shares in the last quarter. Finally, Sound Financial Strategies Group LLC raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.8% in the second quarter. Sound Financial Strategies Group LLC now owns 6,164 shares of the company’s stock valued at $1,182,000 after acquiring an additional 107 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.