First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Reaches New 52-Week High – What’s Next?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)’s share price reached a new 52-week high on Monday . The stock traded as high as $60.94 and last traded at $61.3610, with a volume of 13120 shares traded. The stock had previously closed at $59.81.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The firm has a market capitalization of $764.32 million, a P/E ratio of 23.20 and a beta of 1.60. The firm’s 50 day simple moving average is $50.87 and its two-hundred day simple moving average is $48.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

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

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

Several hedge funds have recently added to or reduced their stakes in QCLN. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 acquiring an additional 2,823,157 shares during the period. UBS Group AG increased its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% in the fourth quarter. UBS Group AG now owns 270,109 shares of the company’s stock valued at $12,045,000 after acquiring an additional 156,142 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter valued at about $4,046,000. CIBC Bancorp USA Inc. purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter valued at about $3,778,000. Finally, Wells Fargo & Company MN increased its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% in the fourth 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 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.