First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Shares Down 2.2% – Time to Sell?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares traded down 2.2% during mid-day trading on Friday. The stock traded as low as $43.00 and last traded at $43.77. 100,324 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 157,542 shares. The stock had previously closed at $44.74.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Down 2.2%

The firm has a market capitalization of $463.96 million, a price-to-earnings ratio of 28.21 and a beta of 1.60. The stock has a 50-day moving average price of $46.65 and a 200 day moving average price of $51.92.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter valued at $44,000. Toth Financial Advisory Corp acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter valued at $88,000. Integrated Wealth Concepts LLC acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the second quarter valued at $74,000. Citadel Advisors LLC raised its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1,008.5% in the second quarter. Citadel Advisors LLC now owns 49,794 shares of the company’s stock valued at $3,053,000 after buying an additional 45,302 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 29.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 20,895 shares of the company’s stock worth $1,281,000 after buying an additional 4,702 shares during the last quarter.

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.