First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 1-Year High – Time to Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s share price reached a new 52-week high on Wednesday . The company traded as high as $164.41 and last traded at $164.24, with a volume of 616746 shares traded. The stock had previously closed at $160.96.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 2.0%

The stock has a market capitalization of $6.10 billion, a PE ratio of 23.47 and a beta of 1.25. The stock has a fifty day moving average of $154.42 and a 200-day moving average of $150.43.

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. Stockholders 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%. The ex-dividend date was Friday, December 12th. This is a boost from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24.

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

Several hedge funds have recently added to or reduced their stakes in GRID. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at approximately $156,670,000. Bank of America Corp DE grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 21.3% during the third quarter. Bank of America Corp DE now owns 1,447,811 shares of the company’s stock worth $218,735,000 after purchasing an additional 254,139 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 12,104.4% during the fourth quarter. Perigon Wealth Management LLC now owns 245,918 shares of the company’s stock worth $37,630,000 after purchasing an additional 243,903 shares in the last quarter. UBS Group AG increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 24.7% in the third quarter. UBS Group AG now owns 969,071 shares of the company’s stock valued at $146,407,000 after buying an additional 191,907 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 48.8% in the third quarter. Raymond James Financial Inc. now owns 488,797 shares of the company’s stock valued at $73,847,000 after buying an additional 160,351 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.