First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Hits New 52-Week High – Here’s Why

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares reached a new 52-week high on Friday . The company traded as high as $63.43 and last traded at $63.0860, with a volume of 80790 shares changing hands. The stock had previously closed at $62.10.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 2.3%

The business’s 50-day moving average is $52.75 and its two-hundred day moving average is $49.21. The company has a market capitalization of $800.44 million, a P/E ratio of 23.20 and a beta of 1.60.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0068 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in QCLN. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 14,156.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,843,100 shares of the company’s stock valued at $126,774,000 after purchasing an additional 2,823,157 shares in the last quarter. UBS Group AG lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 137.0% during 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 in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter valued at about $4,046,000. CIBC Bancorp USA Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at about $3,778,000. Finally, Wells Fargo & Company MN lifted its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 41.5% during 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 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. 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.