First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Hits New 12-Month High – Time to Buy?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $47.77 and last traded at $47.5330, with a volume of 95471 shares. The stock had previously closed at $46.48.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 1.7%

The firm has a market capitalization of $567.42 million, a price-to-earnings ratio of 23.20 and a beta of 1.53. The company has a fifty day moving average price of $45.17 and a two-hundred day moving average price of $40.68.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.0442 per share. This is a boost from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.03. This represents a $0.18 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, December 12th.

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

A number of institutional investors have recently modified their holdings of QCLN. Kingstone Capital Partners Texas LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 2nd quarter worth $51,373,000. CIBC Bancorp USA Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at about $3,778,000. Benjamin Edwards Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at about $1,713,000. Citadel Advisors LLC grew its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 222.3% during the third quarter. Citadel Advisors LLC now owns 40,926 shares of the company’s stock worth $1,717,000 after acquiring an additional 28,228 shares during the last quarter. Finally, Flow Traders U.S. LLC lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 181.6% in the third quarter. Flow Traders U.S. LLC now owns 39,042 shares of the company’s stock worth $1,638,000 after purchasing an additional 25,180 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.