First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Hits New 52-Week High – Here’s Why

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $63.43 and last traded at $63.0860, with a volume of 80790 shares. The stock had previously closed at $62.10.

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

The stock has a market capitalization of $800.44 million, a P/E ratio of 23.20 and a beta of 1.60. The business’s 50 day simple moving average is $52.75 and its two-hundred day simple moving average is $49.21.

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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. Investors of record on Thursday, March 26th were given 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%.

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

Several large investors have recently added to or reduced their stakes in QCLN. Comerica Bank lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% in the 1st quarter. Comerica Bank now owns 3,367 shares of the company’s stock valued at $96,000 after acquiring an additional 530 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 26.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,063 shares of the company’s stock valued at $1,261,000 after acquiring an additional 9,175 shares in the last quarter. Jane Street Group LLC lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 4.8% in the 1st quarter. Jane Street Group LLC now owns 44,725 shares of the company’s stock valued at $1,280,000 after acquiring an additional 2,029 shares in the last quarter. Focus Partners Wealth bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 1st quarter valued at about $230,000. Finally, NewEdge Advisors LLC lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 7.7% in the 2nd quarter. NewEdge Advisors LLC now owns 19,861 shares of the company’s stock valued at $649,000 after acquiring an additional 1,427 shares in the last quarter.

About First Trust NASDAQ Clean Edge Green Energy Index Fund

(Get Free Report)

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.

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