First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Share Price Passes Below 50 Day Moving Average - Here's Why

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $55.56 and traded as low as $53.05. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $53.16, with a volume of 94,765 shares.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The stock has a market cap of $637.92 million, a P/E ratio of 23.20 and a beta of 1.64. The stock's 50 day simple moving average is $55.56 and its two-hundred day simple moving average is $54.14.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Several institutional investors have recently added to or reduced their stakes in QCLN. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company's stock valued at $126,774,000 after purchasing an additional 2,823,157 shares in the last quarter. UBS Group AG increased its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% during the 4th quarter. UBS Group AG now owns 270,109 shares of the company's stock worth $12,045,000 after purchasing an additional 156,142 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter valued at about $4,046,000. CIBC Bancorp USA Inc. bought a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 3rd quarter valued at about $3,778,000. Finally, Wells Fargo & Company MN lifted its stake in First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% in the 4th quarter. Wells Fargo & Company MN now owns 292,986 shares of the company's stock valued at $13,065,000 after purchasing an additional 85,902 shares during the last quarter.

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. Liquid Series Index). The Index is an equity index designed to track the performance of clean energy companies that are publicly traded in the United States, and includes companies engaged in the manufacturing, development, distribution and installation of clean-energy technologies, including, but not limited to, solar photovoltaics, biofuels and advanced batteries.

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