First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading Up 1.6% – Time to Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s share price was up 1.6% on Monday . The company traded as high as $181.42 and last traded at $181.08. 294,654 shares changed hands during trading, a decline of 56% from the average daily volume of 665,651 shares. The stock had previously closed at $178.25.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 1.6%

The stock has a market capitalization of $12.06 billion, a P/E ratio of 23.47 and a beta of 1.26. The company has a 50-day moving average price of $180.26 and a 200 day moving average price of $181.70.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.7555 per share. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.10. This represents a $3.02 dividend on an annualized basis and a dividend yield of 1.7%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nalls Sherbakoff Group LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 4th quarter valued at about $31,000. Merkkuri Wealth Advisors LLC purchased a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the first quarter worth approximately $34,000. Arlington Trust Co LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 2nd quarter valued at approximately $48,000. Y.D. More Investments Ltd lifted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 152.5% during the first quarter. Y.D. More Investments Ltd now owns 303 shares of the company’s stock valued at $50,000 after purchasing an additional 183 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC boosted its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 146.6% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 323 shares of the company’s stock worth $53,000 after buying an additional 192 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.