Forty three Eighteen Advisors LLC Makes New $1.55 Million Investment in First Trust Global Wind Energy ETF $FAN

Forty three Eighteen Advisors LLC acquired a new stake in First Trust Global Wind Energy ETF (NYSEARCA:FAN) in the first quarter, Holdings Channel reports. The fund acquired 62,638 shares of the company’s stock, valued at approximately $1,550,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FAN. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Global Wind Energy ETF during the fourth quarter worth approximately $26,000. JPMorgan Chase & Co. boosted its stake in shares of First Trust Global Wind Energy ETF by 1,068.2% in the second quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock valued at $45,000 after buying an additional 2,286 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of First Trust Global Wind Energy ETF by 142.5% in the fourth quarter. Farther Finance Advisors LLC now owns 4,137 shares of the company’s stock valued at $85,000 after buying an additional 2,431 shares during the period. Fifth Third Bancorp boosted its stake in shares of First Trust Global Wind Energy ETF by 166.4% in the first quarter. Fifth Third Bancorp now owns 3,479 shares of the company’s stock valued at $86,000 after buying an additional 2,173 shares during the period. Finally, Arax Advisory Partners acquired a new stake in First Trust Global Wind Energy ETF during the fourth quarter worth approximately $151,000.

First Trust Global Wind Energy ETF Price Performance

First Trust Global Wind Energy ETF stock opened at $24.04 on Friday. The stock’s fifty day moving average price is $25.22 and its two-hundred day moving average price is $24.24. First Trust Global Wind Energy ETF has a one year low of $18.14 and a one year high of $27.30. The firm has a market cap of $281.27 million, a PE ratio of 19.71 and a beta of 0.84.

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.