First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Shares Gap Up – Here’s Why

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $46.48, but opened at $51.28. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $49.4130, with a volume of 29,396 shares traded.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The stock has a market cap of $611.39 million, a price-to-earnings ratio of 23.20 and a beta of 1.62. The firm’s 50-day simple moving average is $58.77 and its two-hundred day simple moving average is $53.94.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter worth approximately $29,000. Parallel Advisors LLC lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 31.4% during the 1st quarter. Parallel Advisors LLC now owns 795 shares of the company’s stock worth $37,000 after buying an additional 190 shares in the last quarter. Elevated Capital Advisors LLC bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter valued at $75,000. Advisory Services Network LLC bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at $122,000. Finally, Farther Finance Advisors LLC increased its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 45.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,117 shares of the company’s stock valued at $139,000 after buying an additional 972 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. 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.