First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.44 and traded as high as $34.65. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $33.86, with a volume of 86,350 shares traded.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The company has a 50 day simple moving average of $34.44 and a 200-day simple moving average of $34.88. The firm has a market cap of $631.49 million, a PE ratio of 16.71 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.0781 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.92%.

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

A number of large investors have recently added to or reduced their stakes in the business. CX Institutional grew its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 43.3% during the second quarter. CX Institutional now owns 171,164 shares of the company’s stock valued at $5,821,000 after buying an additional 51,756 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 350.6% in the 1st quarter. Cetera Advisors LLC now owns 90,155 shares of the company’s stock valued at $3,127,000 after acquiring an additional 70,149 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 17.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 11,975 shares of the company’s stock valued at $415,000 after acquiring an additional 1,737 shares during the period. SageView Advisory Group LLC bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 1st quarter worth approximately $492,000. Finally, BNP Paribas Financial Markets increased its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 78.3% in the 1st quarter. BNP Paribas Financial Markets now owns 203,434 shares of the company’s stock worth $7,055,000 after purchasing an additional 89,353 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.