First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Trading Down 1.6%

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN – Get Rating) shares dropped 1.6% during mid-day trading on Wednesday . The company traded as low as $46.44 and last traded at $47.10. Approximately 205,633 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 142,378 shares. The stock had previously closed at $47.88.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 35.90 and a beta of 1.49. The business has a fifty day moving average of $46.27 and a 200 day moving average of $49.66.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were issued a $0.052 dividend. The ex-dividend date was Friday, March 24th. This represents a $0.21 annualized dividend and a yield of 0.43%.

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

Several institutional investors and hedge funds have recently bought and sold shares of QCLN. CIBC Private Wealth Group LLC increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 51.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 787,126 shares of the company’s stock valued at $37,144,000 after purchasing an additional 268,354 shares during the last quarter. UBS Group AG increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.9% in the 1st quarter. UBS Group AG now owns 569,132 shares of the company’s stock valued at $29,726,000 after purchasing an additional 15,999 shares during the last quarter. Bank of America Corp DE increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.7% in the 4th quarter. Bank of America Corp DE now owns 463,268 shares of the company’s stock valued at $21,862,000 after purchasing an additional 12,374 shares during the last quarter. Royal Bank of Canada increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 13.0% in the 3rd quarter. Royal Bank of Canada now owns 286,160 shares of the company’s stock valued at $16,302,000 after purchasing an additional 32,968 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 77.7% during the 1st quarter. Ameriprise Financial Inc. now owns 245,234 shares of the company’s stock valued at $12,811,000 after acquiring an additional 107,235 shares during the period.

First Trust NASDAQ Clean Edge Green Energy Index Fund Company Profile

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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.