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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $51.50 and traded as low as $48.17. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $48.52, with a volume of 106,614 shares.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The business has a 50 day moving average price of $51.36 and a 200 day moving average price of $54.03. The stock has a market capitalization of $593.88 million, a PE ratio of 23.20 and a beta of 1.64.

Institutional Trading of First Trust NASDAQ Clean Edge Green Energy Index Fund

Institutional investors have recently bought and sold shares of the company. Comerica Bank raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% in the first quarter. Comerica Bank now owns 3,367 shares of the company’s stock worth $96,000 after buying an additional 530 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 26.3% during the first quarter. Goldman Sachs Group Inc. now owns 44,063 shares of the company’s stock valued at $1,261,000 after buying an additional 9,175 shares during the last quarter. Jane Street Group LLC increased its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 4.8% during the first quarter. Jane Street Group LLC now owns 44,725 shares of the company’s stock valued at $1,280,000 after acquiring an additional 2,029 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter valued at approximately $230,000. Finally, NewEdge Advisors LLC raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 7.7% in the 2nd quarter. NewEdge Advisors LLC now owns 19,861 shares of the company’s stock worth $649,000 after acquiring an additional 1,427 shares during the last quarter.

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.