First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Strong Trading Volume – Here’s Why

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw strong trading volume on Monday . 215,621 shares were traded during mid-day trading, an increase of 50% from the previous session’s volume of 143,443 shares.The stock last traded at $62.7320 and had previously closed at $61.39.

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

The business’s fifty day simple moving average is $57.43 and its 200 day simple moving average is $51.05. The stock has a market cap of $757.76 million, a price-to-earnings ratio of 23.20 and a beta of 1.62.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0068 dividend. This represents a $0.03 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth about $29,000. Ameriflex Group Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at approximately $31,000. Parallel Advisors LLC boosted its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 31.4% during the 1st quarter. Parallel Advisors LLC now owns 795 shares of the company’s stock worth $37,000 after acquiring an additional 190 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter worth approximately $75,000. Finally, Comerica Bank grew its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% during the first quarter. Comerica Bank now owns 3,367 shares of the company’s stock valued at $96,000 after purchasing an additional 530 shares during the period.

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.