First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Strong Trading Volume – Should You Buy?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw unusually-strong trading volume on Monday . Approximately 127,120 shares traded hands during trading, an increase of 39% from the previous session’s volume of 91,770 shares.The stock last traded at $44.9120 and had previously closed at $45.54.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Up 2.0%

The stock has a 50 day simple moving average of $48.81 and a 200-day simple moving average of $46.37. The firm has a market cap of $563.99 million, a PE ratio of 23.20 and a beta of 1.53.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The firm also recently announced 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. This represents a $0.03 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QCLN. Private Trust Co. NA bought a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter valued at approximately $29,000. Ameriflex Group Inc. purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 2nd quarter valued at $50,000. Global Retirement Partners LLC increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,333 shares of the company’s stock valued at $56,000 after acquiring an additional 513 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter valued at about $75,000.

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.