First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) Stock Price Up 1% – Time to Buy?

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)’s stock price shot up 1% during mid-day trading on Tuesday . The company traded as high as $124.35 and last traded at $124.19. Approximately 236,598 shares traded hands during trading, an increase of 21% from the average daily volume of 196,129 shares. The stock had previously closed at $122.92.

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

The company has a market capitalization of $2.22 billion, a PE ratio of 29.38 and a beta of 1.25. The company’s fifty day moving average is $121.66 and its 200-day moving average is $122.38.

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

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2731 dividend. The ex-dividend date was Friday, December 13th.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James & Associates increased its stake in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 18.2% in the 3rd quarter. Raymond James & Associates now owns 119,612 shares of the company’s stock worth $15,221,000 after buying an additional 18,444 shares in the last quarter. Traphagen Investment Advisors LLC lifted its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 10.1% in the third quarter. Traphagen Investment Advisors LLC now owns 320,360 shares of the company’s stock valued at $40,766,000 after acquiring an additional 29,349 shares in the last quarter. Eastern Bank bought a new position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in the third quarter worth about $85,000. Accordant Advisory Group Inc grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 1,284.7% during the third quarter. Accordant Advisory Group Inc now owns 37,678 shares of the company’s stock worth $4,795,000 after purchasing an additional 34,957 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund by 2.9% during the third quarter. Private Advisor Group LLC now owns 108,809 shares of the company’s stock worth $13,846,000 after purchasing an additional 3,019 shares in the last quarter.

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.