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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw an uptick in trading volume on Friday . 327,547 shares changed hands during trading, an increase of 235% from the previous session’s volume of 97,731 shares.The stock last traded at $43.51 and had previously closed at $43.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The firm has a 50-day moving average of $43.46 and a 200-day moving average of $37.00. The firm has a market capitalization of $520.44 million, a P/E ratio of 23.20 and a beta of 1.53.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.0323 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.02. This represents a $0.13 annualized dividend and a dividend yield of 0.3%.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

A number of large investors have recently added to or reduced their stakes in the company. Blair William & Co. IL raised its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 17.0% during the first quarter. Blair William & Co. IL now owns 2,599 shares of the company’s stock valued at $74,000 after acquiring an additional 378 shares during the last quarter. PFG Advisors raised its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 5.3% during the 2nd quarter. PFG Advisors now owns 7,643 shares of the company’s stock valued at $250,000 after purchasing an additional 384 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,848 shares of the company’s stock worth $682,000 after buying an additional 423 shares during the period. Global Retirement Partners LLC lifted 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 worth $56,000 after buying an additional 513 shares during the period. Finally, Comerica Bank grew its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% in the 1st quarter. Comerica Bank now owns 3,367 shares of the company’s stock worth $96,000 after buying an additional 530 shares during 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.