First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Large Volume Increase – Here’s Why

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares saw an uptick in trading volume on Wednesday . 158,296 shares traded hands during trading, an increase of 5% from the previous session’s volume of 150,152 shares.The stock last traded at $62.2540 and had previously closed at $61.67.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The stock has a market capitalization of $793.16 million, a price-to-earnings ratio of 23.20 and a beta of 1.62. The company has a 50-day moving average of $58.92 and a 200-day moving average of $51.70.

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 paid a dividend of $0.0068 per share. The ex-dividend date of this dividend 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 have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 0.8% during the 1st quarter. NewEdge Advisors LLC now owns 23,672 shares of the company’s stock valued at $1,100,000 after buying an additional 183 shares during the period. Parallel Advisors LLC boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 31.4% during the 1st quarter. Parallel Advisors LLC now owns 795 shares of the company’s stock worth $37,000 after purchasing an additional 190 shares during the period. Janney Montgomery Scott LLC boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,016 shares of the company’s stock worth $580,000 after purchasing an additional 220 shares during the period. Walkner Condon Financial Advisors LLC boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.2% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 20,299 shares of the company’s stock worth $943,000 after purchasing an additional 241 shares during the period. Finally, Evelyn Partners Asset Management Ltd boosted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 6.0% during the 1st quarter. Evelyn Partners Asset Management Ltd now owns 4,460 shares of the company’s stock worth $207,000 after purchasing an additional 251 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. 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.