First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Reaches New 1-Year High - Here's What Happened

Key Points

• The First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) reached a new 52-week high of $41.96, with a last trading price of $41.90 and a market cap of $505.32 million.
• The fund recently declared a quarterly dividend of $0.0174 per share, yielding approximately 0.2% on an annualized basis.
• Institutional trading activity has increased, with firms like Blair William & Co. and Comerica Bank boosting their holdings in QCLN shares.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.96 and last traded at $41.90, with a volume of 8251 shares traded. The stock had previously closed at $41.56.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The stock has a 50 day moving average price of $37.21 and a 200-day moving average price of $32.58. The stock has a market capitalization of $511.32 million, a price-to-earnings ratio of 23.20 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.0174 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%.

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

Institutional investors have recently made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the first quarter worth approximately $50,000. Twin Peaks Wealth Advisors LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the second quarter worth approximately $50,000. Farther Finance Advisors LLC lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 149.9% during the second quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company's stock worth $68,000 after buying an additional 1,250 shares in the last quarter. Blair William & Co. IL lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 17.0% during 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 in the last quarter. Finally, NBC Securities Inc. lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 145,650.0% during the first quarter. NBC Securities Inc. now owns 2,915 shares of the company's stock worth $83,000 after buying an additional 2,913 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.