First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Price Up 4.2% – Still a Buy?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)’s stock price rose 4.2% on Friday . The company traded as high as $46.58 and last traded at $46.48. Approximately 267,971 shares traded hands during trading, an increase of 179% from the average daily volume of 96,164 shares. The stock had previously closed at $44.59.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 4.2%

The firm has a 50-day moving average price of $45.17 and a two-hundred day moving average price of $40.56. The firm has a market cap of $557.76 million, a PE 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 paid a $0.0442 dividend. 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 annualized dividend 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

Institutional investors have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 2nd quarter valued at about $51,373,000. CIBC Bancorp USA Inc. purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at approximately $3,778,000. Benjamin Edwards Inc. acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter valued at $1,713,000. Citadel Advisors LLC raised its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 222.3% during the 3rd quarter. Citadel Advisors LLC now owns 40,926 shares of the company’s stock worth $1,717,000 after acquiring an additional 28,228 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 181.6% during the third quarter. Flow Traders U.S. LLC now owns 39,042 shares of the company’s stock worth $1,638,000 after purchasing an additional 25,180 shares in the last quarter.

First Trust NASDAQ Clean Edge Green Energy Index Fund Company Profile

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.