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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares saw unusually-high trading volume on Monday . 171,520 shares changed hands during mid-day trading, an increase of 0% from the previous session’s volume of 170,990 shares.The stock last traded at $49.4290 and had previously closed at $50.46.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The business’s 50-day moving average is $54.82 and its 200 day moving average is $54.15. The firm has a market capitalization of $592.70 million, a P/E ratio of 23.20 and a beta of 1.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QCLN. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company’s stock worth $126,774,000 after purchasing an additional 2,823,157 shares during the last quarter. Wells Fargo & Company MN increased its holdings in 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 purchasing an additional 85,902 shares during the period. UBS Group AG increased its stake 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 buying an additional 156,142 shares during the period. LPL Financial LLC raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 27.6% during the 4th quarter. LPL Financial LLC now owns 250,739 shares of the company’s stock worth $11,181,000 after purchasing an additional 54,286 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% during the fourth quarter. Royal Bank of Canada now owns 179,386 shares of the company’s stock worth $8,000,000 after buying an additional 64,165 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. 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.