US Bancorp DE Cuts Position in First Trust Global Wind Energy ETF (NYSEARCA:FAN)

US Bancorp DE cut its stake in First Trust Global Wind Energy ETF (NYSEARCA:FAN) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,509 shares of the company’s stock after selling 691 shares during the period. US Bancorp DE owned about 0.08% of First Trust Global Wind Energy ETF worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FAN. JPMorgan Chase & Co. raised its stake in shares of First Trust Global Wind Energy ETF by 5,163.2% during the third quarter. JPMorgan Chase & Co. now owns 2,000 shares of the company’s stock valued at $36,000 after acquiring an additional 1,962 shares during the last quarter. Hager Investment Management Services LLC bought a new position in shares of First Trust Global Wind Energy ETF during the fourth quarter valued at about $41,000. Stifel Financial Corp raised its stake in shares of First Trust Global Wind Energy ETF by 7.0% during 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Global Wind Energy ETF during the fourth quarter valued at about $181,000.

First Trust Global Wind Energy ETF Price Performance

FAN stock opened at $15.64 on Friday. First Trust Global Wind Energy ETF has a 1 year low of $14.30 and a 1 year high of $18.15. The company has a market cap of $137.63 million, a P/E ratio of 18.83 and a beta of 0.93. The firm has a 50-day moving average of $14.97 and a 200 day moving average of $15.92.

First Trust Global Wind Energy ETF Company 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.