First Trust Global Wind Energy ETF (NYSEARCA:FAN) Shares Up 0.5% – Should You Buy?

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

First Trust Global Wind Energy ETF Price Performance

The firm’s 50 day moving average is $23.36 and its 200 day moving average is $24.53. The company has a market cap of $189.18 million, a PE 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 company. Ashurst Perkins Coie Trust Co grew its position in shares of First Trust Global Wind Energy ETF by 5.7% during the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 65,678 shares of the company’s stock valued at $1,490,000 after purchasing an additional 3,518 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of First Trust Global Wind Energy ETF by 7.2% during the third quarter. Avior Wealth Management LLC now owns 11,824 shares of the company’s stock worth $268,000 after purchasing 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 third quarter. Farther Finance Advisors LLC now owns 7,925 shares of the company’s stock worth $180,000 after purchasing an additional 5,793 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust Global Wind Energy ETF by 39.9% in the second quarter. Envestnet Asset Management Inc. now owns 48,883 shares of the company’s stock worth $1,221,000 after purchasing an additional 13,944 shares during the last quarter. Finally, Concorde Asset Management LLC increased its position in shares of First Trust Global Wind Energy ETF by 70.9% in the second quarter. Concorde Asset Management LLC now owns 116,830 shares of the company’s stock worth $2,918,000 after purchasing an additional 48,478 shares during 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.