First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Hits New 1-Year High – Here’s Why

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.21 and last traded at $54.3170, with a volume of 38676 shares. The stock had previously closed at $53.73.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Up 2.3%

The company’s fifty day simple moving average is $48.81 and its 200 day simple moving average is $47.26. The stock has a market capitalization of $651.44 million, a P/E ratio of 23.20 and a beta of 1.46.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

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

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

A number of institutional investors have recently added to or reduced their stakes in the business. Factor Wealth Management LTD purchased a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the first quarter valued at approximately $277,000. Cetera Investment Advisers lifted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 11.6% during the 4th quarter. Cetera Investment Advisers now owns 46,722 shares of the company’s stock worth $2,083,000 after acquiring an additional 4,869 shares during the last quarter. Osaic Holdings Inc. grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 40.5% in the fourth quarter. Osaic Holdings Inc. now owns 53,939 shares of the company’s stock worth $2,405,000 after acquiring an additional 15,536 shares in the last quarter. Royal Bank of Canada grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% in the fourth quarter. Royal Bank of Canada now owns 179,386 shares of the company’s stock worth $8,000,000 after acquiring an additional 64,165 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 208.9% in the fourth quarter. MML Investors Services LLC now owns 18,200 shares of the company’s stock valued at $812,000 after acquiring an additional 12,309 shares during 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.