First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Shares Pass Above 50 Day Moving Average – Here’s Why

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $34.44 and traded as high as $34.65. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $33.86, with a volume of 86,350 shares trading hands.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Down 2.3 %

The stock’s 50 day moving average price is $34.44 and its two-hundred day moving average price is $34.88. The stock has a market cap of $631.49 million, a price-to-earnings ratio of 16.71 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.0781 per share. This represents a $0.31 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Several institutional investors and hedge funds have recently modified their holdings of QCLN. Harbor Investment Advisory LLC raised its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 64.2% during the first quarter. Harbor Investment Advisory LLC now owns 1,151 shares of the company’s stock valued at $40,000 after acquiring an additional 450 shares in the last quarter. Larson Financial Group LLC boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 566.5% in the 2nd quarter. Larson Financial Group LLC now owns 1,553 shares of the company’s stock worth $53,000 after purchasing an additional 1,320 shares in the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 72.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,589 shares of the company’s stock worth $90,000 after purchasing an additional 1,089 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 2nd quarter worth approximately $102,000. Finally, Leo Wealth LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter valued at approximately $234,000.

About First Trust NASDAQ Clean Edge Green Energy Index Fund

First Trust NASDAQ Clean Edge Green Energy Index Fund (the Fund), formerly First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ Clean Edge Green Energy Index (the Index) (formerly NASDAQ Clean Edge U.S.