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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $35.04 and traded as low as $34.27. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $34.30, with a volume of 66,770 shares changing hands.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The company has a market cap of $533.37 million, a P/E ratio of 16.71 and a beta of 1.49. The stock has a 50-day moving average of $35.04 and a two-hundred day moving average of $34.81.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.0399 per share. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Hedge funds have recently modified their holdings of the company. CX Institutional boosted its holdings in shares of 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 purchasing an additional 97,087 shares during the period. LMR Partners LLP purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at approximately $1,005,000. Jane Street Group LLC bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at approximately $776,000. Flow Traders U.S. LLC raised its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 308.9% during the third quarter. Flow Traders U.S. LLC now owns 27,700 shares of the company’s stock valued at $995,000 after acquiring an additional 20,926 shares in the last quarter. Finally, Nwam LLC purchased a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter worth $496,000.

First Trust NASDAQ Clean Edge Green Energy Index Fund Company Profile

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.