Summit Investment Advisors Inc. Has $429,000 Stake in First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN)

Summit Investment Advisors Inc. raised its position in shares of First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,863 shares of the company’s stock after acquiring an additional 1,647 shares during the period. Summit Investment Advisors Inc. owned approximately 1.35% of First Trust EIP Carbon Impact ETF worth $429,000 as of its most recent SEC filing.

Separately, Modern Wealth Management LLC bought a new stake in First Trust EIP Carbon Impact ETF in the 4th quarter valued at $764,000.

First Trust EIP Carbon Impact ETF Stock Performance

NYSEARCA:ECLN opened at $30.35 on Friday. The company has a market cap of $15.18 million, a price-to-earnings ratio of 19.61 and a beta of 0.60. The firm’s 50-day moving average is $30.07 and its 200-day moving average is $29.75. First Trust EIP Carbon Impact ETF has a 52-week low of $24.24 and a 52-week high of $31.18.

First Trust EIP Carbon Impact ETF Company Profile

The First Trust EIP Carbon Impact ETF (ECLN) is an exchange-traded fund that is based on the PHLX Utility Sector index. The fund is an actively-managed fund comprised of developed-economy equities of companies committed to a reduction of carbon emissions. ECLN was launched on Aug 19, 2019 and is managed by First Trust.