First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Stock Breaks Below Fifty Day Moving Average – Time to Sell?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)’s stock price passed 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 trading hands.

First Trust NASDAQ Clean Edge Green Energy Index Fund Trading Up 3.1%

The company has a market cap of $570.80 million, a PE ratio of 23.20 and a beta of 1.65. The firm’s fifty day moving average is $49.74 and its 200 day moving average is $54.04.

Institutional Trading of First Trust NASDAQ Clean Edge Green Energy Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the 2nd quarter worth about $74,000. Citadel Advisors LLC grew its holdings 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 in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of 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 buying an additional 4,702 shares in the last quarter. Nilsine Partners LLC raised its position 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 during the last quarter. Finally, Paragon Private Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the second quarter worth about $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.