First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Shares Down 1.5% - Time to Sell?

Key Points

• The First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) experienced a 1.5% decline in its share price, closing at $34.31 after trading as low as $34.28.
• The firm recently disclosed a reduced quarterly dividend of $0.0174 per share, resulting in an annualized dividend of $0.07 and a yield of 0.2%.
• Institutional activities include significant increases in holdings, notably by NBC Securities Inc., which increased its position by 145,650%, now owning $83,000 worth of shares.

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report) were down 1.5% during mid-day trading on Wednesday . The stock traded as low as $34.28 and last traded at $34.31. Approximately 51,358 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 87,071 shares. The stock had previously closed at $34.82.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The firm's 50 day moving average is $33.88 and its 200-day moving average is $31.34. The firm has a market cap of $422.28 million, a price-to-earnings ratio of 23.20 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.0174 dividend. This represents a $0.07 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, June 26th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QCLN. Rossby Financial LCC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter worth approximately $50,000. Money Design Co. Ltd. lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 4.8% during the first quarter. Money Design Co. Ltd. now owns 87,551 shares of the company's stock worth $2,506,000 after purchasing an additional 4,027 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.6% during the first quarter. Walkner Condon Financial Advisors LLC now owns 20,308 shares of the company's stock worth $581,000 after purchasing an additional 521 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth approximately $340,000. Finally, NBC Securities Inc. lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 145,650.0% during the first quarter. NBC Securities Inc. now owns 2,915 shares of the company's stock worth $83,000 after purchasing an additional 2,913 shares in 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.