International Assets Investment Management LLC Makes New Investment in First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN)

International Assets Investment Management LLC acquired a new stake in First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,517 shares of the company’s stock, valued at approximately $980,000. International Assets Investment Management LLC owned about 2.89% of First Trust EIP Carbon Impact ETF at the end of the most recent reporting period.

Separately, NBC Securities Inc. purchased a new position in First Trust EIP Carbon Impact ETF in the third quarter valued at about $27,000.

First Trust EIP Carbon Impact ETF Stock Up 0.6 %

ECLN stock opened at $24.34 on Tuesday. The stock’s 50 day moving average is $23.85 and its two-hundred day moving average is $23.60. First Trust EIP Carbon Impact ETF has a 52-week low of $21.52 and a 52-week high of $25.92. The company has a market capitalization of $26.78 million, a PE ratio of 16.36 and a beta of 0.62.

About First Trust EIP Carbon Impact ETF

The First Trust EIP Carbon Impact ETF (ECLN) is an exchange-traded fund that is based on the PHLX Utility Sector index. The fund is an actively-managed fund comprised of developed-economy equities of companies committed to a reduction of carbon emissions. ECLN was launched on Aug 19, 2019 and is managed by First Trust.