First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Trading 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.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - )'s share price dropped 1.5% during trading on Wednesday . The company traded as low as $34.28 and last traded at $34.31. Approximately 51,358 shares were traded 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 Trading Down 1.5%

The firm has a market capitalization of $411.72 million, a price-to-earnings ratio of 23.20 and a beta of 1.49. The stock's 50 day moving average price is $33.70 and its two-hundred day moving average price is $31.36.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.0174 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.07 annualized dividend and a dividend yield of 0.2%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Rossby Financial LCC bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the first quarter valued at $50,000. Farther Finance Advisors LLC lifted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 149.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company's stock valued at $68,000 after buying an additional 1,250 shares during the last quarter. Blair William & Co. IL lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 17.0% in the 1st quarter. Blair William & Co. IL now owns 2,599 shares of the company's stock worth $74,000 after purchasing an additional 378 shares during the last quarter. NBC Securities Inc. lifted its holdings 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 buying an additional 2,913 shares during the last quarter. Finally, Comerica Bank increased its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% during the first quarter. Comerica Bank now owns 3,367 shares of the company's stock valued at $96,000 after purchasing an additional 530 shares during the period.

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.

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