First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Reaches New 1-Year High – Should You Buy?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) reached a new 52-week high on Monday . The company traded as high as $59.38 and last traded at $59.0740, with a volume of 193494 shares changing hands. The stock had previously closed at $59.19.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The firm has a market capitalization of $732.27 million, a price-to-earnings ratio of 23.20 and a beta of 1.60. The stock has a fifty day moving average of $49.70 and a two-hundred day moving average of $47.88.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0068 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.03 annualized dividend and a dividend yield of 0.0%.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Large investors have recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth $29,000. Ameriflex Group Inc. acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter worth $31,000. Global Retirement Partners LLC increased its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% during the third quarter. Global Retirement Partners LLC now owns 1,333 shares of the company’s stock worth $56,000 after buying an additional 513 shares during the period. Elevated Capital Advisors LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth $75,000. Finally, Comerica Bank increased its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% during the first quarter. Comerica Bank now owns 3,367 shares of the company’s stock worth $96,000 after buying an additional 530 shares during the period.

About First Trust NASDAQ Clean Edge Green Energy Index Fund

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.