First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Price Passes Below 50 Day Moving Average – Here’s Why

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $49.13 and traded as low as $47.48. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $48.18, with a volume of 101,075 shares traded.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Down 4.1%

The firm’s fifty day moving average price is $49.11 and its 200-day moving average price is $45.18. The company has a market cap of $536.93 million, a price-to-earnings ratio of 23.20 and a beta of 1.53.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

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

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company’s stock valued at $126,774,000 after purchasing an additional 2,823,157 shares in the last quarter. UBS Group AG lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% during the 4th quarter. UBS Group AG now owns 270,109 shares of the company’s stock worth $12,045,000 after buying an additional 156,142 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter worth about $4,046,000. CIBC Bancorp USA Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter worth about $3,778,000. Finally, Wells Fargo & Company MN grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% in the 4th quarter. Wells Fargo & Company MN now owns 292,986 shares of the company’s stock valued at $13,065,000 after acquiring an additional 85,902 shares in the last quarter.

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.