First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Trading 0.5% Higher - Should You Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID - Get Free Report)'s stock price shot up 0.5% on Thursday . The company traded as high as $121.85 and last traded at $121.53. 214,614 shares were traded during mid-day 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 cap of $2.11 billion, a price-to-earnings ratio of 29.38 and a beta of 1.25. The company has a fifty 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 company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2731 per share. 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 and other institutional investors have recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth $25,000. Front Row Advisors LLC grew its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 750.0% during the 2nd quarter. Front Row Advisors LLC now owns 340 shares of the company's stock valued at $39,000 after acquiring an additional 300 shares in the last quarter. Values First Advisors Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the 3rd quarter valued at about $56,000. Eastern Bank purchased a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth approximately $85,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund during the third quarter worth approximately $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.