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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) hit a new 52-week high on Friday . The company traded as high as $183.19 and last traded at $183.1860, with a volume of 39246 shares changing hands. The stock had previously closed at $179.98.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 1.9%

The stock has a 50-day simple moving average of $171.22 and a two-hundred day simple moving average of $160.96. The firm has a market capitalization of $8.98 billion, a P/E ratio of 23.47 and a beta of 1.23.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1004 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

A number of institutional investors and hedge funds have recently bought and sold shares of GRID. Harel Insurance Investments & Financial Services Ltd. bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at $156,670,000. Morgan Stanley raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.7% during the 4th quarter. Morgan Stanley now owns 2,948,976 shares of the company’s stock valued at $451,252,000 after purchasing an additional 691,924 shares in the last quarter. LPL Financial LLC raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 42.1% during the 4th quarter. LPL Financial LLC now owns 1,699,802 shares of the company’s stock valued at $260,104,000 after purchasing an additional 503,963 shares in the last quarter. Wells Fargo & Company MN raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 43.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,023,888 shares of the company’s stock valued at $156,675,000 after purchasing an additional 307,664 shares in the last quarter. Finally, UBS Group AG raised its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 30.8% during the 4th quarter. UBS Group AG now owns 1,267,833 shares of the company’s stock valued at $194,004,000 after purchasing an additional 298,762 shares in the last quarter.

About First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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.