First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $30.00 and traded as low as $25.22. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $26.27, with a volume of 106,135 shares changing hands.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Up 1.6 %

The firm has a 50 day simple moving average of $30.00 and a two-hundred day simple moving average of $32.99. The company has a market capitalization of $354.65 million, a PE ratio of 22.06 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at approximately $776,000. Pine Valley Investments Ltd Liability Co purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at about $417,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter valued at about $288,000. CX Institutional boosted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 53.6% during the fourth quarter. CX Institutional now owns 278,192 shares of the company’s stock worth $9,439,000 after buying an additional 97,087 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth about $25,000.

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.