First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Hits New 12-Month High – What’s Next?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) reached a new 52-week high during trading 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 Trading Down 1.0%

The stock has a market cap of $835.51 million, a P/E ratio of 23.20 and a beta of 1.60. The firm’s 50-day simple moving average is $54.92 and its 200 day simple moving average is $50.01.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QCLN. Northwestern Mutual Wealth Management Co. boosted its holdings 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 in the last quarter. UBS Group AG boosted its holdings 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 in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter valued at approximately $4,046,000. CIBC Bancorp USA Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter valued at approximately $3,778,000. Finally, Wells Fargo & Company MN boosted its holdings 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 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.