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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.25 and last traded at $49.6670, with a volume of 69893 shares trading hands. The stock had previously closed at $49.10.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The business’s fifty day moving average is $45.77 and its two-hundred day moving average is $42.02. The company has a market cap of $601.80 million, a P/E ratio of 23.20 and a beta of 1.53.

First Trust NASDAQ Clean Edge Green Energy Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.0442 per share. This is a boost from First Trust NASDAQ Clean Edge Green Energy Index Fund’s previous quarterly dividend of $0.03. This represents a $0.18 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QCLN. Benjamin Edwards Inc. bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter worth about $1,713,000. United Asset Strategies Inc. bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at approximately $222,000. Global Retirement Partners LLC boosted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 62.6% during the third quarter. Global Retirement Partners LLC now owns 1,333 shares of the company’s stock valued at $56,000 after purchasing an additional 513 shares in the last quarter. Arbor Investment Advisors LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at approximately $214,000. Finally, Financial Partners Group Inc bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter worth approximately $238,000.

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.