First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Price Down 0.6% - Should You Sell?

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report) were down 0.6% during mid-day trading on Wednesday . The company traded as low as $34.50 and last traded at $34.90. Approximately 72,001 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 102,425 shares. The stock had previously closed at $35.10.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The firm has a market cap of $444.93 million, a price-to-earnings ratio of 23.20 and a beta of 1.49. The firm has a 50-day moving average price of $32.55 and a two-hundred day moving average price of $31.24.

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. Shareholders of record on Thursday, June 26th were given a dividend of $0.0174 per share. This represents a $0.07 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 4th quarter valued at $2,921,000. Commonwealth Equity Services LLC grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 15.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 166,779 shares of the company's stock valued at $5,659,000 after buying an additional 21,991 shares during the last quarter. First Trust Advisors LP grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 0.7% in the 4th quarter. First Trust Advisors LP now owns 184,377 shares of the company's stock valued at $6,253,000 after buying an additional 1,262 shares during the last quarter. Tower Research Capital LLC TRC grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 227.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,679 shares of the company's stock valued at $1,278,000 after buying an additional 26,183 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 10.5% in the 4th quarter. Susquehanna International Group LLP now owns 50,575 shares of the company's stock valued at $1,716,000 after buying an additional 4,795 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.