First Trust Global Wind Energy ETF (NYSEARCA:FAN) Shares Up 0.5% – What’s Next?

First Trust Global Wind Energy ETF (NYSEARCA:FAN)’s stock price shot up 0.5% during trading on Tuesday. The stock traded as high as $22.36 and last traded at $22.34. Approximately 13,603 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 80,672 shares. The stock had previously closed at $22.23.

First Trust Global Wind Energy ETF Trading Up 0.5%

The business’s 50 day moving average price is $23.39 and its two-hundred day moving average price is $24.55. The stock has a market cap of $193.24 million, a P/E ratio of 19.71 and a beta of 0.84.

Institutional Trading of First Trust Global Wind Energy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC boosted its position in First Trust Global Wind Energy ETF by 7.2% during the 3rd quarter. Avior Wealth Management LLC now owns 11,824 shares of the company’s stock valued at $268,000 after acquiring an additional 793 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of First Trust Global Wind Energy ETF by 271.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,925 shares of the company’s stock worth $180,000 after acquiring an additional 5,793 shares during the period. Envestnet Asset Management Inc. raised its position in shares of First Trust Global Wind Energy ETF by 39.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 48,883 shares of the company’s stock worth $1,221,000 after acquiring an additional 13,944 shares in the last quarter. Concorde Asset Management LLC raised its position in shares of First Trust Global Wind Energy ETF by 70.9% in the 2nd quarter. Concorde Asset Management LLC now owns 116,830 shares of the company’s stock worth $2,918,000 after acquiring an additional 48,478 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of First Trust Global Wind Energy ETF by 13,062.4% in the 2nd quarter. NewEdge Advisors LLC now owns 55,940 shares of the company’s stock valued at $1,397,000 after purchasing an additional 55,515 shares during the period.

About First Trust Global Wind Energy ETF

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.