Wedbush Securities Inc. Lowers Stock Position in First Trust Global Wind Energy ETF (NYSEARCA:FAN)

Wedbush Securities Inc. trimmed its holdings in shares of First Trust Global Wind Energy ETF (NYSEARCA:FAN) by 27.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,026 shares of the company’s stock after selling 3,824 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Global Wind Energy ETF were worth $148,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of First Trust Global Wind Energy ETF by 38.2% during the fourth quarter. LPL Financial LLC now owns 248,427 shares of the company’s stock valued at $3,677,000 after buying an additional 68,678 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Global Wind Energy ETF during the 4th quarter worth approximately $513,000. Wealth Enhancement Advisory Services LLC purchased a new stake in First Trust Global Wind Energy ETF during the fourth quarter valued at approximately $181,000. Stifel Financial Corp boosted its stake in First Trust Global Wind Energy ETF by 7.0% in the third quarter. Stifel Financial Corp now owns 79,551 shares of the company’s stock valued at $1,435,000 after acquiring an additional 5,190 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in First Trust Global Wind Energy ETF by 9.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 47,754 shares of the company’s stock worth $707,000 after purchasing an additional 4,150 shares during the last quarter.

First Trust Global Wind Energy ETF Trading Down 0.7 %

Shares of FAN stock opened at $14.40 on Friday. First Trust Global Wind Energy ETF has a 12-month low of $13.51 and a 12-month high of $18.15. The business’s fifty day simple moving average is $15.10 and its 200-day simple moving average is $15.61. The company has a market cap of $124.56 million, a PE ratio of 18.15 and a beta of 0.87.

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.