First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sets New 1-Year High – What’s Next?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares hit a new 52-week high on Wednesday . The company traded as high as $52.08 and last traded at $51.41, with a volume of 25562 shares trading hands. The stock had previously closed at $50.54.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The stock’s 50 day moving average is $46.45 and its 200-day moving average is $42.59. The company has a market capitalization of $621.55 million, a P/E ratio of 23.20 and a beta of 1.53.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.0442 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, December 12th. This is a boost from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.03.

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

Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter worth about $29,000. Ameriflex Group Inc. bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter worth about $31,000. Global Retirement Partners LLC grew its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% in the third quarter. Global Retirement Partners LLC now owns 1,333 shares of the company’s stock worth $56,000 after purchasing an additional 513 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the second quarter worth about $50,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter valued at approximately $75,000.

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. 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.