First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• QCLN shares dropped below their 50‑day moving average, trading as low as $47.48 and last at $48.18; the 50‑day MA is $49.13 while the 200‑day MA is $45.12.
• The fund raised its quarterly dividend to $0.0442 (about $0.18 annualized) for a yield of 0.4%, up from the prior quarterly payout of $0.03.
• Fund fundamentals include a market cap of $573.34M, a PE of 23.20 and a beta of 1.53, with several modest institutional buys and stake increases reported recently.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - ) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $49.13 and traded as low as $47.48. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $48.18, with a volume of 101,075 shares.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The firm has a market capitalization of $573.34 million, a PE ratio of 23.20 and a beta of 1.53. The company's fifty day simple moving average is $49.13 and its 200-day simple moving average is $45.12.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.0442 dividend. This represents a $0.18 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust NASDAQ Clean Edge Green Energy Index Fund's previous quarterly dividend of $0.03.

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

Hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter worth $29,000. Ameriflex Group Inc. acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter worth about $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the second quarter worth about $50,000. Global Retirement Partners LLC increased its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% in the third quarter. Global Retirement Partners LLC now owns 1,333 shares of the company's stock valued at $56,000 after buying an additional 513 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter valued at approximately $75,000.

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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