First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Share Price Breaks Below 50 Day Moving Average – What’s Next?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $48.53 and traded as low as $42.89. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $43.32, with a volume of 75,806 shares.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The stock has a 50 day moving average price of $48.53 and a 200 day moving average price of $54.08. The company has a market capitalization of $478.69 million, a P/E ratio of 23.20 and a beta of 1.65.

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

Large investors have recently added to or reduced their stakes in the stock. MinichMacGregor Wealth Management LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter valued at about $386,000. Farther Finance Advisors LLC grew its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 7.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,153 shares of the company’s stock valued at $152,000 after acquiring an additional 208 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter worth approximately $44,000. Toth Financial Advisory Corp purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter worth approximately $88,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 2nd quarter worth approximately $74,000.

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.