First Trust Global Wind Energy ETF (NYSEARCA:FAN) Stock Breaks Above 50 Day Moving Average – What’s Next?

Shares of First Trust Global Wind Energy ETF (NYSEARCA:FAN) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $22.71 and traded as high as $23.07. First Trust Global Wind Energy ETF shares last traded at $22.99, with a volume of 22,329 shares.

First Trust Global Wind Energy ETF Stock Up 1.5%

The business has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $24.05. The firm has a market cap of $195.41 million, a P/E ratio of 19.71 and a beta of 0.85.

Institutional Trading of First Trust Global Wind Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FAN. Gould Asset Management LLC CA raised its position in First Trust Global Wind Energy ETF by 3.8% in the 1st quarter. Gould Asset Management LLC CA now owns 13,135 shares of the company’s stock worth $325,000 after buying an additional 480 shares during the last quarter. Nilsine Partners LLC boosted its holdings in shares of First Trust Global Wind Energy ETF by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 50,891 shares of the company’s stock valued at $1,271,000 after acquiring an additional 504 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of First Trust Global Wind Energy ETF by 4.2% during the 1st quarter. Kestra Advisory Services LLC now owns 15,099 shares of the company’s stock valued at $374,000 after acquiring an additional 606 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of First Trust Global Wind Energy ETF by 7.2% in the third quarter. Avior Wealth Management LLC now owns 11,824 shares of the company’s stock worth $268,000 after acquiring an additional 793 shares during the period. Finally, Allworth Financial LP grew its stake in shares of First Trust Global Wind Energy ETF by 361.7% in the second quarter. Allworth Financial LP now owns 1,533 shares of the company’s stock worth $38,000 after acquiring an additional 1,201 shares during the period.

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.