First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Hits New 12-Month High – Should You Buy?

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) reached a new 52-week high on Thursday . The stock traded as high as $67.02 and last traded at $66.26, with a volume of 183062 shares traded. The stock had previously closed at $66.45.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The firm’s 50-day moving average is $54.17 and its two-hundred day moving average is $49.75. The stock has a market cap of $834.88 million, a P/E ratio of 23.20 and a beta of 1.60.

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. Shareholders of record on Thursday, March 26th were given a dividend of $0.0068 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.03 annualized dividend and a dividend yield of 0.0%.

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

Several institutional investors and hedge funds have recently made changes to their positions in QCLN. Comerica Bank raised its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% during 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 during the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 buying an additional 9,175 shares in the last quarter. Jane Street Group LLC increased its position in shares of 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 buying an additional 2,029 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 1st quarter valued at $230,000. Finally, NewEdge Advisors LLC increased its position in shares of 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 buying an additional 1,427 shares in 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.