First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading 0.5% Higher – Still a Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) shares traded up 0.5% on Thursday . The company traded as high as $121.85 and last traded at $121.53. 214,614 shares changed hands during trading, an increase of 14% from the average session volume of 188,921 shares. The stock had previously closed at $120.90.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Trading Up 1.1 %

The stock has a market capitalization of $2.11 billion, a PE ratio of 29.38 and a beta of 1.25. The stock has a 50 day moving average price of $123.02 and a 200-day moving average price of $121.84.

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

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2731 dividend. The ex-dividend date was Friday, December 13th.

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

A number of hedge funds have recently modified their holdings of the company. Ignite Planners LLC lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.2% in the third quarter. Ignite Planners LLC now owns 4,914 shares of the company’s stock worth $625,000 after buying an additional 106 shares in the last quarter. HBW Advisory Services LLC increased its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.1% in the 4th quarter. HBW Advisory Services LLC now owns 9,496 shares of the company’s stock worth $1,133,000 after acquiring an additional 106 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 3.6% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,166 shares of the company’s stock worth $403,000 after acquiring an additional 111 shares in the last quarter. Corrado Advisors LLC boosted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1.3% during the 3rd quarter. Corrado Advisors LLC now owns 10,212 shares of the company’s stock valued at $1,300,000 after acquiring an additional 133 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 17,804 shares of the company’s stock valued at $2,266,000 after purchasing an additional 165 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.