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

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $30.00 and traded as low as $25.22. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $26.27, with a volume of 106,135 shares changing hands.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Performance

The company has a market cap of $349.85 million, a price-to-earnings ratio of 18.07 and a beta of 1.61. The company's fifty day moving average is $29.60 and its two-hundred day moving average is $32.82.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.0197 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.30%.

Institutional Investors Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Several hedge funds have recently added to or reduced their stakes in the business. CX Institutional boosted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 53.6% in the fourth quarter. CX Institutional now owns 278,192 shares of the company's stock worth $9,439,000 after buying an additional 97,087 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 0.7% during the 4th quarter. First Trust Advisors LP now owns 184,377 shares of the company's stock valued at $6,253,000 after purchasing an additional 1,262 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 15.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 166,779 shares of the company's stock valued at $5,659,000 after purchasing an additional 21,991 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth $2,921,000. Finally, D. E. Shaw & Co. Inc. grew its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 57.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 63,515 shares of the company's stock valued at $2,155,000 after buying an additional 23,093 shares during the period.

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.