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

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

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

The company has a market capitalization of $11.01 billion, a P/E ratio of 23.47 and a beta of 1.26. The business has a 50-day moving average of $178.22 and a 200-day moving average of $183.48.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.3534 per share. This represents a $1.41 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund’s previous quarterly dividend of $0.7555.

Institutional Trading of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 19.1% in the first quarter. Bank of America Corp DE now owns 2,121,584 shares of the company’s stock valued at $347,049,000 after purchasing an additional 340,826 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 160.5% during the first quarter. Cetera Investment Advisers now owns 568,057 shares of the company’s stock valued at $92,923,000 after acquiring an additional 349,964 shares during the period. Royal Bank of Canada boosted its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 62.1% in the first quarter. Royal Bank of Canada now owns 441,118 shares of the company’s stock valued at $72,158,000 after acquiring an additional 168,929 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 11.9% in the second quarter. Envestnet Asset Management Inc. now owns 430,096 shares of the company’s stock valued at $82,471,000 after purchasing an additional 45,609 shares during the last quarter. Finally, Arlington Financial Advisors LLC raised its holdings in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 4.4% in the third quarter. Arlington Financial Advisors LLC now owns 215,906 shares of the company’s stock worth $38,239,000 after purchasing an additional 9,188 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.