First Trust Global Wind Energy ETF (NYSEARCA:FAN) Stock Jumps 1.4% – Still a Buy?

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

First Trust Global Wind Energy ETF Stock Up 1.4%

The firm has a market cap of $189.89 million, a PE ratio of 19.71 and a beta of 0.85. The stock’s fifty day simple moving average is $22.78 and its two-hundred day simple moving average is $24.03.

Hedge Funds Weigh In On First Trust Global Wind Energy ETF

Several large investors have recently made changes to their positions in the business. Gould Asset Management LLC CA boosted its position in shares of 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 purchasing an additional 480 shares in the last quarter. Nilsine Partners LLC increased its position in 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 buying an additional 504 shares in the last quarter. Kestra Advisory Services LLC increased its position in 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 buying an additional 606 shares in the last quarter. Avior Wealth Management LLC increased 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 buying an additional 793 shares in the last quarter. Finally, Allworth Financial LP increased its position in First Trust Global Wind Energy ETF by 361.7% during the 2nd quarter. Allworth Financial LP now owns 1,533 shares of the company’s stock valued at $38,000 after buying an additional 1,201 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.