Concorde Asset Management LLC Buys 48,478 Shares of First Trust Global Wind Energy ETF $FAN

Concorde Asset Management LLC raised its stake in First Trust Global Wind Energy ETF (NYSEARCA:FAN) by 70.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,830 shares of the company’s stock after purchasing an additional 48,478 shares during the period. First Trust Global Wind Energy ETF accounts for 1.7% of Concorde Asset Management LLC’s holdings, making the stock its 17th biggest holding. Concorde Asset Management LLC owned 1.00% of First Trust Global Wind Energy ETF worth $2,918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Global Wind Energy ETF in the 4th quarter worth $26,000. Western Wealth Management LLC bought a new stake in shares of First Trust Global Wind Energy ETF during the first quarter worth about $34,000. Allworth Financial LP increased its position in shares of First Trust Global Wind Energy ETF by 361.7% during the second quarter. Allworth Financial LP now owns 1,533 shares of the company’s stock worth $38,000 after acquiring an additional 1,201 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Trust Global Wind Energy ETF by 1,068.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock worth $45,000 after acquiring an additional 2,286 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in First Trust Global Wind Energy ETF by 166.4% in the 1st quarter. Fifth Third Bancorp now owns 3,479 shares of the company’s stock valued at $86,000 after acquiring an additional 2,173 shares in the last quarter.

First Trust Global Wind Energy ETF Stock Performance

FAN stock opened at $24.03 on Wednesday. The business has a 50-day simple moving average of $24.01 and a two-hundred day simple moving average of $24.71. The company has a market capitalization of $281.15 million, a P/E ratio of 19.71 and a beta of 0.84. First Trust Global Wind Energy ETF has a 52-week low of $18.57 and a 52-week high of $27.30.

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.