First Trust Global Wind Energy ETF (NYSEARCA:FAN) Stock Price Down 0.9% – Here’s What Happened

First Trust Global Wind Energy ETF (NYSEARCA:FAN)’s share price fell 0.9% during trading on Monday . The company traded as low as $19.70 and last traded at $19.69. 24,948 shares were traded during mid-day trading, a decline of 51% from the average session volume of 51,321 shares. The stock had previously closed at $19.87.

First Trust Global Wind Energy ETF Stock Performance

The company has a market capitalization of $183.12 million, a P/E ratio of 19.71 and a beta of 0.90. The stock has a fifty day moving average of $19.89 and a 200 day moving average of $18.90.

Institutional Trading of First Trust Global Wind Energy ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of First Trust Global Wind Energy ETF by 206.8% during the third quarter. Farther Finance Advisors LLC now owns 1,706 shares of the company’s stock worth $33,000 after purchasing an additional 1,150 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in First Trust Global Wind Energy ETF by 1,068.2% during the 2nd 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in First Trust Global Wind Energy ETF by 44.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the company’s stock valued at $58,000 after buying an additional 928 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of First Trust Global Wind Energy ETF by 134.1% during the third quarter. Global Retirement Partners LLC now owns 3,015 shares of the company’s stock valued at $58,000 after buying an additional 1,727 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of First Trust Global Wind Energy ETF by 28.3% in the third quarter. MAI Capital Management now owns 6,878 shares of the company’s stock worth $132,000 after buying an additional 1,517 shares in the last quarter.

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.