First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) to Issue $0.01 Quarterly Dividend

Key Points

• First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) declared a quarterly dividend of $0.0068 per share with an ex-dividend and record date of March 26 and a payment date of March 31, implying an annualized yield of about 0.1%.
• Shares opened at $48.34 with a market cap of about $575.3 million, a 52‑week range of $24.02–$52.30, and 50-/200‑day simple moving averages near $49.13 and $46.11 respectively.
• Institutional buying ramped up in Q4, led by Northwestern Mutual which added ~2.82 million shares (now ~2.843 million shares, ~$126.8M), while UBS, Wells Fargo, LPL and RBC also materially increased their stakes.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report) announced a quarterly dividend on Wednesday, March 25th. Stockholders of record on Thursday, March 26th will be given a dividend of 0.0068 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 1.3%

Shares of NASDAQ:QCLN opened at $48.34 on Thursday. The company has a market cap of $575.25 million, a P/E ratio of 23.20 and a beta of 1.53. First Trust NASDAQ Clean Edge Green Energy Index Fund has a 52 week low of $24.02 and a 52 week high of $52.30. The business has a fifty day simple moving average of $49.13 and a 200-day simple moving average of $46.11.

Institutional Trading of First Trust NASDAQ Clean Edge Green Energy Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company's stock worth $126,774,000 after acquiring an additional 2,823,157 shares during the period. Wells Fargo & Company MN grew its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% in the fourth 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 period. UBS Group AG grew its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% in the fourth quarter. UBS Group AG now owns 270,109 shares of the company's stock valued at $12,045,000 after purchasing an additional 156,142 shares during the period. LPL Financial LLC increased its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 27.6% during the fourth quarter. LPL Financial LLC now owns 250,739 shares of the company's stock worth $11,181,000 after purchasing an additional 54,286 shares during the last quarter. Finally, Royal Bank of Canada increased its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 55.7% during the fourth quarter. Royal Bank of Canada now owns 179,386 shares of the company's stock worth $8,000,000 after purchasing an additional 64,165 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. 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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