Belpointe Asset Management LLC Invests $42,000 in First Trust Global Wind Energy ETF (NYSEARCA:FAN)

Belpointe Asset Management LLC bought a new position in First Trust Global Wind Energy ETF (NYSEARCA:FAN – Get Rating) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,438 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FAN. Cetera Investment Advisers grew its position in shares of First Trust Global Wind Energy ETF by 1.3% in the 1st quarter. Cetera Investment Advisers now owns 182,377 shares of the company’s stock worth $3,602,000 after buying an additional 2,294 shares during the period. Mariner LLC grew its position in First Trust Global Wind Energy ETF by 6.6% during the 1st quarter. Mariner LLC now owns 34,092 shares of the company’s stock valued at $673,000 after purchasing an additional 2,120 shares during the last quarter. Verition Fund Management LLC bought a new stake in First Trust Global Wind Energy ETF during the 1st quarter valued at about $1,047,000. Atria Wealth Solutions Inc. bought a new stake in First Trust Global Wind Energy ETF during the 1st quarter valued at about $211,000. Finally, Bank of America Corp DE increased its stake in First Trust Global Wind Energy ETF by 15.5% during the 1st quarter. Bank of America Corp DE now owns 935,600 shares of the company’s stock valued at $18,478,000 after purchasing an additional 125,315 shares in the last quarter.

First Trust Global Wind Energy ETF Stock Performance

NYSEARCA:FAN opened at $17.45 on Thursday. The firm has a market cap of $274.76 million, a P/E ratio of 20.58 and a beta of 0.88. First Trust Global Wind Energy ETF has a fifty-two week low of $14.22 and a fifty-two week high of $19.20. The firm has a 50-day simple moving average of $17.73 and a two-hundred day simple moving average of $17.61.

About First Trust Global Wind Energy ETF

(Get Rating)

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.