First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Stock Price Up 1.5% – Time to Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares were up 1.5% on Wednesday. The company traded as high as $170.89 and last traded at $170.50. Approximately 409,173 shares changed hands during trading, a decline of 37% from the average daily volume of 650,958 shares. The stock had previously closed at $167.91.

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

The company has a market capitalization of $11.54 billion, a PE ratio of 23.47 and a beta of 1.26. The stock has a 50 day moving average price of $178.73 and a two-hundred day moving average price of $183.50.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.3534 dividend. This is a decrease from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.7555. This represents a $1.41 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, September 24th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Catalyst Investment Management LLC bought a new stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth approximately $674,000. Arwa LLC increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 45.2% during the 3rd quarter. Arwa LLC now owns 5,193 shares of the company’s stock worth $931,000 after purchasing an additional 1,616 shares during the last quarter. Grantvest Financial Group LLC raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 34.6% during the 3rd quarter. Grantvest Financial Group LLC now owns 3,750 shares of the company’s stock valued at $664,000 after purchasing an additional 963 shares in the last quarter. Kraft Davis & Associates LLC raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 8.6% during the 3rd quarter. Kraft Davis & Associates LLC now owns 3,614 shares of the company’s stock valued at $611,000 after purchasing an additional 285 shares in the last quarter. Finally, Element Pointe Advisors LLC bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at $14,537,000.

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.