First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Reaches New 52-Week High - Time to Buy?

Key Points

• The First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) reached a new 52-week high at $44.50 during mid-day trading, reflecting increased investor interest.
• The fund recently increased its quarterly dividend to $0.0323 per share, resulting in an annualized yield of 0.3%, a positive change from its previous dividend of $0.02.
• Multiple hedge funds have recently acquired or increased their stakes in the fund, indicating growing institutional support and interest in clean energy investments.

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - ) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.50 and last traded at $44.16, with a volume of 67944 shares changing hands. The stock had previously closed at $43.36.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The company has a fifty day moving average price of $38.45 and a two-hundred day moving average price of $33.50. The firm has a market cap of $536.54 million, a price-to-earnings ratio of 23.20 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

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

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

Several hedge funds have recently made changes to their positions in the business. Rossby Financial LCC acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter valued at approximately $50,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the second quarter worth approximately $50,000. Farther Finance Advisors LLC increased its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 149.9% in the second quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company's stock valued at $68,000 after buying an additional 1,250 shares in the last quarter. Blair William & Co. IL lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 17.0% during the 1st quarter. Blair William & Co. IL now owns 2,599 shares of the company's stock valued at $74,000 after acquiring an additional 378 shares during the last quarter. Finally, NBC Securities Inc. lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 145,650.0% during the 1st quarter. NBC Securities Inc. now owns 2,915 shares of the company's stock valued at $83,000 after acquiring an additional 2,913 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.

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