First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Passes Below 50-Day Moving Average – What’s Next?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $31.17 and traded as low as $27.44. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $27.49, with a volume of 61,269 shares traded.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The company has a market capitalization of $356.68 million, a PE ratio of 22.06 and a beta of 1.49. The company’s 50-day simple moving average is $31.01 and its 200-day simple moving average is $33.44.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.0197 dividend. This represents a $0.08 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, March 27th.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Synergy Asset Management LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter worth $25,000. Kestra Investment Management LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth about $28,000. Cherry Tree Wealth Management LLC acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter valued at about $33,000. US Bancorp DE boosted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 49.0% in the fourth quarter. US Bancorp DE now owns 1,085 shares of the company’s stock valued at $37,000 after buying an additional 357 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 980.8% during the fourth quarter. Allworth Financial LP now owns 1,405 shares of the company’s stock worth $48,000 after acquiring an additional 1,275 shares during the period.

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.