Ameriprise Financial Inc. Trims Stake in First Trust Global Wind Energy ETF (NYSEARCA:FAN)

Ameriprise Financial Inc. lowered its stake in First Trust Global Wind Energy ETF (NYSEARCA:FAN) by 38.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,346 shares of the company’s stock after selling 7,067 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.09% of First Trust Global Wind Energy ETF worth $168,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Global Wind Energy ETF by 7.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 11,845 shares of the company’s stock worth $175,000 after buying an additional 828 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in First Trust Global Wind Energy ETF in the 4th quarter valued at $182,000. Raymond James Financial Inc. acquired a new stake in First Trust Global Wind Energy ETF in the 4th quarter valued at $513,000. SRS Capital Advisors Inc. increased its holdings in First Trust Global Wind Energy ETF by 9.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 47,754 shares of the company’s stock valued at $707,000 after purchasing an additional 4,150 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in First Trust Global Wind Energy ETF by 6.0% in the 4th quarter. Stifel Financial Corp now owns 84,337 shares of the company’s stock valued at $1,248,000 after purchasing an additional 4,786 shares in the last quarter.

First Trust Global Wind Energy ETF Trading Up 0.8%

Shares of NYSEARCA FAN opened at $17.64 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 company has a market cap of $143.77 million, a P/E ratio of 18.17 and a beta of 0.92. The stock has a fifty day moving average price of $15.93 and a 200 day moving average price of $15.45.

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.