First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Hits New 12-Month High – Still a Buy?

Shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) reached a new 52-week high during trading on Wednesday . The company traded as high as $179.08 and last traded at $179.1040, with a volume of 346646 shares traded. The stock had previously closed at $176.82.

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

The company has a 50 day simple moving average of $164.04 and a two-hundred day simple moving average of $155.15. The firm has a market cap of $6.87 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 declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.338 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.35 annualized dividend and a yield of 0.8%. This is an increase from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.24.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Several large investors have recently made changes to their positions in the company. Rossby Financial LCC grew its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 5.9% during the fourth quarter. Rossby Financial LCC now owns 1,151 shares of the company’s stock valued at $176,000 after buying an additional 64 shares during the period. Private Advisory Group LLC raised its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.4% during the 4th quarter. Private Advisory Group LLC now owns 1,548 shares of the company’s stock worth $237,000 after buying an additional 65 shares during the period. Silver Oak Securities Incorporated lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 6.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,237 shares of the company’s stock valued at $191,000 after buying an additional 71 shares in the last quarter. Rathbones Group PLC grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 0.4% in the 2nd quarter. Rathbones Group PLC now owns 17,262 shares of the company’s stock valued at $2,400,000 after acquiring an additional 72 shares during the period. Finally, TPG Financial Advisors LLC grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.8% in the 4th quarter. TPG Financial Advisors LLC now owns 1,983 shares of the company’s stock valued at $303,000 after acquiring an additional 73 shares during the period.

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.