Concorde Asset Management LLC Acquires New Stake in First Trust Global Wind Energy ETF $FAN

Concorde Asset Management LLC acquired a new stake in shares of First Trust Global Wind Energy ETF (NYSEARCA:FAN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 85,483 shares of the company’s stock, valued at approximately $1,750,000. Concorde Asset Management LLC owned 0.88% of First Trust Global Wind Energy ETF at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of First Trust Global Wind Energy ETF during the third quarter valued at approximately $445,000. UBS Group AG grew its stake in shares of First Trust Global Wind Energy ETF by 222.3% in the 4th quarter. UBS Group AG now owns 412,320 shares of the company’s stock worth $8,440,000 after purchasing an additional 284,371 shares during the last quarter. Nilsine Partners LLC acquired a new position in shares of First Trust Global Wind Energy ETF in the 4th quarter worth approximately $1,006,000. Beto Financial Group LLC acquired a new position in shares of First Trust Global Wind Energy ETF in the 4th quarter worth approximately $464,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of First Trust Global Wind Energy ETF by 10.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 205,734 shares of the company’s stock worth $4,211,000 after purchasing an additional 19,943 shares during the last quarter.

First Trust Global Wind Energy ETF Price Performance

Shares of FAN opened at $24.90 on Friday. The firm’s 50 day moving average is $25.90 and its 200-day moving average is $23.47. The stock has a market capitalization of $260.21 million, a P/E ratio of 19.71 and a beta of 0.83. First Trust Global Wind Energy ETF has a 12-month low of $17.71 and a 12-month high of $27.30.

First Trust Global Wind Energy ETF 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.