First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Shares Pass Below 50 Day Moving Average - Should You Sell?

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $34.55 and traded as low as $33.58. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $33.90, with a volume of 52,873 shares.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 1.0 %

The firm has a market cap of $628.85 million, a PE ratio of 16.71 and a beta of 1.49. The stock's fifty day simple moving average is $34.55 and its two-hundred day simple moving average is $34.86.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0781 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, September 26th.

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

A number of institutional investors have recently made changes to their positions in the company. Hunter Associates Investment Management LLC lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 6.5% during the third quarter. Hunter Associates Investment Management LLC now owns 17,113 shares of the company's stock valued at $617,000 after purchasing an additional 1,040 shares during the period. PFG Investments LLC lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 7.4% during the third quarter. PFG Investments LLC now owns 69,885 shares of the company's stock valued at $2,510,000 after purchasing an additional 4,810 shares during the period. Leo Wealth LLC bought a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at approximately $201,000. CX Institutional lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 5.8% during the third quarter. CX Institutional now owns 181,105 shares of the company's stock valued at $6,503,000 after purchasing an additional 9,941 shares during the period. Finally, Park National Corp OH lifted its position in First Trust NASDAQ Clean Edge Green Energy Index Fund by 3.7% during the third quarter. Park National Corp OH now owns 16,840 shares of the company's stock valued at $605,000 after purchasing an additional 604 shares during the period.

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.