First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Hits New 12-Month High – Should You Buy?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $52.08 and last traded at $51.41, with a volume of 25562 shares traded. The stock had previously closed at $50.54.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The stock has a 50-day moving average of $46.45 and a two-hundred day moving average of $42.59. The company has a market cap of $621.55 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 issued a dividend of $0.0442 per share. The ex-dividend date was Friday, December 12th. 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 0.3%.

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

Institutional investors have recently bought and sold shares of the company. PFG Advisors raised its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 5.3% during the second quarter. PFG Advisors now owns 7,643 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 2.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,848 shares of the company’s stock worth $682,000 after acquiring an additional 423 shares in the last quarter. Global Retirement Partners LLC lifted its position 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 buying an additional 513 shares during the last quarter. Comerica Bank grew its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 18.7% in the first quarter. Comerica Bank now owns 3,367 shares of the company’s stock worth $96,000 after purchasing an additional 530 shares during the last quarter. Finally, Private Trust Co. NA acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter valued at about $29,000.

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.