First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Share Price Crosses Below 50-Day Moving Average – Here’s Why

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $32.14 and traded as low as $29.11. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $29.81, with a volume of 69,819 shares trading hands.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 0.7 %

The firm has a 50 day simple moving average of $32.14 and a 200-day simple moving average of $33.77. The company has a market cap of $460.56 million, a PE ratio of 21.65 and a beta of 1.49.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCLN. Synergy Asset Management LLC purchased a new position in First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter valued at about $25,000. Kestra Investment Management LLC acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter worth about $28,000. Cherry Tree Wealth Management LLC acquired a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund in the fourth quarter worth about $33,000. US Bancorp DE boosted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 49.0% in the fourth quarter. US Bancorp DE now owns 1,085 shares of the company’s stock worth $37,000 after acquiring an additional 357 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 980.8% in the fourth quarter. Allworth Financial LP now owns 1,405 shares of the company’s stock worth $48,000 after acquiring an additional 1,275 shares in the last quarter.

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.