First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Shares Cross Below Fifty Day Moving Average - Should You Sell?

Key Points

• QCLN fell below its 50-day moving average of $49.73, trading as low as $47.65 before last changing hands at $48.55 on volume of 117,669 shares.
• The fund has a market capitalization of approximately $553.5 million, a price-to-earnings ratio of 23.20, a beta of 1.64, and a 200-day moving average of $54.07.
• Institutional interest was mixed but generally positive, with Citadel Advisors increasing its position by more than 1,000% and several other firms adding shares or initiating new stakes.

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - ) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $49.73 and traded as low as $47.65. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $48.55, with a volume of 117,669 shares traded.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 0.6%

The firm has a market capitalization of $553.47 million, a price-to-earnings ratio of 23.20 and a beta of 1.64. The business's 50-day simple moving average is $49.73 and its two-hundred day simple moving average is $54.07.

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. Integrated Wealth Concepts LLC acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the second quarter worth $74,000. Citadel Advisors LLC boosted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 1,008.5% during the second quarter. Citadel Advisors LLC now owns 49,794 shares of the company's stock worth $3,053,000 after buying an additional 45,302 shares during the period. Ameritas Advisory Services LLC grew its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 29.0% in the second quarter. Ameritas Advisory Services LLC now owns 20,895 shares of the company's stock valued at $1,281,000 after buying an additional 4,702 shares in the last quarter. Nilsine Partners LLC grew its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 1.0% in the second quarter. Nilsine Partners LLC now owns 21,488 shares of the company's stock valued at $1,318,000 after buying an additional 216 shares in the last quarter. Finally, Paragon Private Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the 2nd quarter valued at $220,000.

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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