First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Strong Trading Volume – Time to Buy?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw strong trading volume on Monday . 127,120 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 91,770 shares.The stock last traded at $44.9120 and had previously closed at $45.54.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The company has a market capitalization of $520.63 million, a price-to-earnings ratio of 23.20 and a beta of 1.53. The business’s 50 day moving average is $48.98 and its 200 day moving average is $46.28.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.0068 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th.

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

Hedge funds have recently made changes to their positions in the company. Private Trust Co. NA acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter valued at $29,000. Ameriflex Group Inc. acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter worth about $31,000. Global Retirement Partners LLC grew its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% during the 3rd quarter. Global Retirement Partners LLC now owns 1,333 shares of the company’s stock valued at $56,000 after purchasing an additional 513 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 2nd quarter valued at about $50,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter valued at about $75,000.

First Trust NASDAQ Clean Edge Green Energy Index Fund Company Profile

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. Liquid Series Index). The Index is an equity index designed to track the performance of clean energy companies that are publicly traded in the United States, and includes companies engaged in the manufacturing, development, distribution and installation of clean-energy technologies, including, but not limited to, solar photovoltaics, biofuels and advanced batteries.