First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Unusually-High Trading Volume – Still a Buy?

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw unusually-strong trading volume on Wednesday . Approximately 158,296 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 150,152 shares.The stock last traded at $62.2540 and had previously closed at $61.67.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The stock has a market cap of $809.42 million, a P/E ratio of 23.20 and a beta of 1.62. The business’s 50 day simple moving average is $59.57 and its 200 day simple moving average is $51.95.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid 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.

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

Several hedge funds and other institutional investors have recently modified their holdings of QCLN. Northwestern Mutual Wealth Management Co. grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company’s stock valued at $126,774,000 after acquiring an additional 2,823,157 shares during the period. Wells Fargo & Company MN boosted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% in the 4th quarter. Wells Fargo & Company MN now owns 292,986 shares of the company’s stock valued at $13,065,000 after purchasing an additional 85,902 shares in the last quarter. UBS Group AG boosted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% in the 4th quarter. UBS Group AG now owns 270,109 shares of the company’s stock valued at $12,045,000 after purchasing an additional 156,142 shares in the last quarter. LPL Financial LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 27.6% in the 4th quarter. LPL Financial LLC now owns 250,739 shares of the company’s stock valued at $11,181,000 after purchasing an additional 54,286 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% in the 4th quarter. Royal Bank of Canada now owns 179,386 shares of the company’s stock worth $8,000,000 after purchasing an additional 64,165 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.