First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Strong Trading Volume - Time to Buy?

Key Points

• The First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) experienced a significant increase in trading volume, with 146,366 shares traded, a 73% rise from the previous session.
• A quarterly dividend of $0.0323 per share has been declared, marking an increase from the prior dividend of $0.02 and indicating a 0.3% yield.
• Recent activity shows that hedge funds have been actively purchasing shares in the fund, with notable increases in holdings from firms like Farther Finance Advisors LLC, which grew its position by 149.9%.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - ) saw an uptick in trading volume on Friday . 146,366 shares changed hands during mid-day trading, an increase of 73% from the previous session's volume of 84,686 shares.The stock last traded at $41.77 and had previously closed at $41.94.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Up 0.1%

The stock's fifty day moving average price is $37.61 and its 200 day moving average price is $32.80. The stock has a market cap of $503.68 million, a P/E ratio of 23.20 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.0323 per share. This represents a $0.13 annualized dividend and a yield of 0.3%. This is an increase from First Trust NASDAQ Clean Edge Green Energy Index Fund's previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Thursday, September 25th.

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

Large investors have recently modified their holdings of the company. Rossby Financial LCC purchased a new stake in 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 stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 2nd quarter valued at $50,000. Farther Finance Advisors LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 149.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company's stock valued at $68,000 after purchasing an additional 1,250 shares during the last quarter. Blair William & Co. IL raised its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 17.0% in the 1st quarter. Blair William & Co. IL now owns 2,599 shares of the company's stock worth $74,000 after purchasing an additional 378 shares during the period. Finally, NBC Securities Inc. raised its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 145,650.0% in the 1st quarter. NBC Securities Inc. now owns 2,915 shares of the company's stock worth $83,000 after purchasing an additional 2,913 shares during the period.

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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