First Trust Global Wind Energy ETF (NYSEARCA:FAN) Stock Crosses Above 50 Day Moving Average – Here’s Why

First Trust Global Wind Energy ETF (NYSEARCA:FAN)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $22.71 and traded as high as $23.07. First Trust Global Wind Energy ETF shares last traded at $22.99, with a volume of 22,329 shares changing hands.

First Trust Global Wind Energy ETF Stock Performance

The firm has a 50 day simple moving average of $22.71 and a two-hundred day simple moving average of $24.05. The stock has a market cap of $195.41 million, a P/E ratio of 19.71 and a beta of 0.85.

Institutional Investors Weigh In On First Trust Global Wind Energy ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Gould Asset Management LLC CA increased its stake in shares of First Trust Global Wind Energy ETF by 3.8% in the first quarter. Gould Asset Management LLC CA now owns 13,135 shares of the company’s stock worth $325,000 after buying an additional 480 shares during the period. Nilsine Partners LLC lifted its position in shares of First Trust Global Wind Energy ETF by 1.0% in the 2nd quarter. Nilsine Partners LLC now owns 50,891 shares of the company’s stock worth $1,271,000 after purchasing an additional 504 shares during the period. Kestra Advisory Services LLC grew its stake in shares of First Trust Global Wind Energy ETF by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 15,099 shares of the company’s stock worth $374,000 after acquiring an additional 606 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of First Trust Global Wind Energy ETF by 7.2% in the 3rd quarter. Avior Wealth Management LLC now owns 11,824 shares of the company’s stock valued at $268,000 after purchasing an additional 793 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of 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 worth $38,000 after purchasing an additional 1,201 shares during 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.