First Trust Global Wind Energy ETF (NYSEARCA:FAN) Shares Climb 1.4% – Here’s Why

First Trust Global Wind Energy ETF (NYSEARCA:FAN) shares traded up 1.4% during mid-day trading on Tuesday. The company traded as high as $22.34 and last traded at $22.34. Approximately 13,436 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 76,200 shares. The stock had previously closed at $22.04.

First Trust Global Wind Energy ETF Stock Down 1.6%

The company has a market capitalization of $192.61 million, a PE ratio of 19.71 and a beta of 0.85. The business’s 50 day simple moving average is $22.73 and its 200 day simple moving average is $24.05.

Institutional Trading of First Trust Global Wind Energy ETF

A number of institutional investors and hedge funds have recently modified their holdings of FAN. Forty three Eighteen Advisors LLC bought a new stake in First Trust Global Wind Energy ETF during the first quarter valued at approximately $1,550,000. NewEdge Advisors LLC raised its stake in shares of First Trust Global Wind Energy ETF by 13,062.4% during the second quarter. NewEdge Advisors LLC now owns 55,940 shares of the company’s stock valued at $1,397,000 after acquiring an additional 55,515 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in First Trust Global Wind Energy ETF in the third quarter valued at $1,195,000. Concorde Asset Management LLC boosted its position in First Trust Global Wind Energy ETF by 70.9% during the 2nd quarter. Concorde Asset Management LLC now owns 116,830 shares of the company’s stock valued at $2,918,000 after acquiring an additional 48,478 shares in the last quarter. Finally, Castleark Management LLC increased its stake in shares of First Trust Global Wind Energy ETF by 85.4% in the 1st quarter. Castleark Management LLC now owns 39,412 shares of the company’s stock worth $975,000 after acquiring an additional 18,150 shares in the last quarter.

First Trust Global Wind Energy ETF Company Profile

First Trust ISE Global Wind Energy Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, of an equity index called the ISE Global Wind Energy Index. The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks that comprise the Index or in depositary receipts that may include American depositary receipts (ADRs), global depositary receipts (GDRs), European depositary receipts (EDRs) or other depositary receipts (collectively, Depositary Receipts) representing securities in the Index.