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) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $32.85 and traded as low as $28.47. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $28.75, with a volume of 79,353 shares.

First Trust NASDAQ Clean Edge Green Energy Index Fund Stock Up 1.9 %

The company has a 50-day moving average price of $32.72 and a 200-day moving average price of $33.95. The firm has a market capitalization of $452.53 million, a price-to-earnings 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 hedge funds and other institutional investors have recently made changes to their positions in QCLN. Synergy Asset Management LLC acquired a new position in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth approximately $25,000. Kestra Investment Management LLC bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth approximately $28,000. Cherry Tree Wealth Management LLC bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the fourth quarter worth approximately $33,000. US Bancorp DE raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 49.0% during the fourth quarter. US Bancorp DE now owns 1,085 shares of the company’s stock worth $37,000 after purchasing an additional 357 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 980.8% during the fourth quarter. Allworth Financial LP now owns 1,405 shares of the company’s stock worth $48,000 after purchasing 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.