Concorde Asset Management LLC Increases Position in First Trust Global Wind Energy ETF $FAN

Concorde Asset Management LLC increased its holdings in First Trust Global Wind Energy ETF (NYSEARCA:FAN) by 70.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,830 shares of the company’s stock after acquiring an additional 48,478 shares during the period. First Trust Global Wind Energy ETF comprises approximately 1.7% of Concorde Asset Management LLC’s portfolio, making the stock its 17th biggest holding. Concorde Asset Management LLC’s holdings in First Trust Global Wind Energy ETF were worth $2,918,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in First Trust Global Wind Energy ETF by 1,068.2% during the second quarter. JPMorgan Chase & Co. now owns 2,500 shares of the company’s stock valued at $45,000 after buying an additional 2,286 shares during the period. Cerity Partners LLC purchased a new position in First Trust Global Wind Energy ETF in the second quarter valued at about $284,000. Osaic Holdings Inc. grew its position in shares of First Trust Global Wind Energy ETF by 16.5% during the 2nd quarter. Osaic Holdings Inc. now owns 34,569 shares of the company’s stock valued at $627,000 after acquiring an additional 4,887 shares during the period. UBS Group AG increased its stake in shares of First Trust Global Wind Energy ETF by 7.6% during the 3rd quarter. UBS Group AG now owns 127,949 shares of the company’s stock worth $2,458,000 after purchasing an additional 9,056 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of First Trust Global Wind Energy ETF by 12.2% during the 3rd quarter. Raymond James Financial Inc. now owns 32,065 shares of the company’s stock worth $616,000 after purchasing an additional 3,482 shares during the last quarter.

First Trust Global Wind Energy ETF Trading Up 1.5%

NYSEARCA:FAN opened at $24.03 on Wednesday. First Trust Global Wind Energy ETF has a 12 month low of $18.57 and a 12 month high of $27.30. The firm’s 50 day moving average is $24.01 and its 200 day moving average is $24.71. The stock has a market capitalization of $281.15 million, a PE ratio of 19.71 and a beta of 0.84.

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.