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

Key Points

• QCLN fell below its 50-day moving average of $51.50, reaching an intraday low of $48.17 and last trading at $48.52 on volume of 106,614 shares.
• The fund’s 200-day moving average is $54.07, while its market capitalization is approximately $582.24 million, with a price-to-earnings ratio of 23.20 and beta of 1.64.
• Institutional activity was mixed but generally increased, including Citadel Advisors’ 1,008.5% increase in holdings and additional positions from Ameritas Advisory Services and Nilsine Partners.

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - ) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $51.50 and traded as low as $48.17. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $48.52, with a volume of 106,614 shares.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The firm has a fifty day simple moving average of $51.50 and a 200-day simple moving average of $54.07. The firm has a market cap of $582.24 million, a price-to-earnings ratio of 23.20 and a beta of 1.64.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

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

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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