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

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Stock Up 0.5 %

The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25. The stock has a 50 day simple moving average of $123.09 and a 200 day simple moving average of $121.78.

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

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter valued at $25,000. Front Row Advisors LLC lifted its position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% in the 2nd quarter. Front Row Advisors LLC now owns 340 shares of the company’s stock valued at $39,000 after purchasing an additional 300 shares during the last quarter. Values First Advisors Inc. acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at about $56,000. Eastern Bank acquired a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the 3rd quarter valued at about $85,000. Finally, Legacy Investment Solutions LLC bought a new position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter worth about $141,000.

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.