Perkins Coie Trust Co Trims Holdings in First Trust Global Wind Energy ETF (NYSEARCA:FAN)

Perkins Coie Trust Co cut its stake in First Trust Global Wind Energy ETF (NYSEARCA:FAN) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,729 shares of the company’s stock after selling 691 shares during the quarter. Perkins Coie Trust Co owned about 0.61% of First Trust Global Wind Energy ETF worth $791,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of First Trust Global Wind Energy ETF by 7.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,845 shares of the company’s stock valued at $175,000 after purchasing an additional 828 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of First Trust Global Wind Energy ETF in the fourth quarter valued at $182,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust Global Wind Energy ETF in the fourth quarter valued at $209,000. Raymond James Financial Inc. purchased a new position in First Trust Global Wind Energy ETF during the fourth quarter worth about $513,000. Finally, SRS Capital Advisors Inc. grew its position in First Trust Global Wind Energy ETF by 9.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 47,754 shares of the company’s stock worth $707,000 after buying an additional 4,150 shares in the last quarter.

First Trust Global Wind Energy ETF Stock Up 0.8%

First Trust Global Wind Energy ETF stock opened at $17.64 on Friday. First Trust Global Wind Energy ETF has a 52 week low of $13.51 and a 52 week high of $18.15. The business has a 50-day simple moving average of $15.93 and a 200 day simple moving average of $15.45. The stock has a market cap of $143.77 million, a price-to-earnings ratio of 18.17 and a beta of 0.92.

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.