First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Sees Large Volume Increase – Still a Buy?

Shares of First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) saw unusually-high trading volume on Wednesday . Approximately 231,618 shares traded hands during trading, an increase of 111% from the previous session’s volume of 109,578 shares.The stock last traded at $34.98 and had previously closed at $34.21.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 0.3 %

The stock’s fifty day moving average price is $34.92 and its 200-day moving average price is $34.84. The company has a market capitalization of $565.44 million, a price-to-earnings ratio of 16.71 and a beta of 1.49.

First Trust NASDAQ Clean Edge Green Energy Index Fund Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.0399 per share. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Hedge funds have recently modified their holdings of the stock. Leo Wealth LLC acquired a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter valued at approximately $201,000. Benjamin Edwards Inc. acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 3rd quarter worth approximately $221,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the 4th quarter worth approximately $288,000. Moors & Cabot Inc. boosted its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 4.5% in the 3rd quarter. Moors & Cabot Inc. now owns 8,093 shares of the company’s stock valued at $291,000 after buying an additional 348 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund in the third quarter valued at $417,000.

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.