First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Hits New 1-Year High - What's Next?

Key Points

• The First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) reached a new 52-week high of $45.23, closing at $45.02, with a trading volume of 18,681 shares.
• The fund recently increased its quarterly dividend from $0.02 to $0.0323, resulting in an annualized dividend of $0.13 and a yield of 0.3%.
• Several institutional investors have raised their stakes in QCLN, with notable increases from Blair William & Co. IL and Comerica Bank by 17.0% and 18.7%, respectively, indicating growing investor confidence.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - )'s stock price hit a new 52-week high on Monday . The company traded as high as $45.23 and last traded at $45.02, with a volume of 18681 shares. The stock had previously closed at $42.25.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The company has a market capitalization of $542.54 million, a price-to-earnings ratio of 23.20 and a beta of 1.49. The stock's fifty day simple moving average is $39.06 and its two-hundred day simple moving average is $33.87.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

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

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

A number of large investors have recently modified their holdings of QCLN. Blair William & Co. IL boosted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 17.0% in the first quarter. Blair William & Co. IL now owns 2,599 shares of the company's stock worth $74,000 after buying an additional 378 shares during the period. PFG Advisors lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 5.3% in the second quarter. PFG Advisors now owns 7,643 shares of the company's stock worth $250,000 after purchasing an additional 384 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,848 shares of the company's stock worth $682,000 after purchasing an additional 423 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.6% in the first quarter. Walkner Condon Financial Advisors LLC now owns 20,308 shares of the company's stock worth $581,000 after purchasing an additional 521 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% in the first quarter. Comerica Bank now owns 3,367 shares of the company's stock worth $96,000 after purchasing an additional 530 shares in 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.

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