PNC Financial Services Group Inc. Reduces Stock Position in First Trust Global Wind Energy ETF (NYSEARCA:FAN)

PNC Financial Services Group Inc. trimmed its holdings in First Trust Global Wind Energy ETF (NYSEARCA:FAN) by 64.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,437 shares of the company’s stock after selling 6,100 shares during the quarter. PNC Financial Services Group Inc.’s holdings in First Trust Global Wind Energy ETF were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FAN. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Global Wind Energy ETF by 5,163.2% in the third quarter. JPMorgan Chase & Co. now owns 2,000 shares of the company’s stock worth $36,000 after buying an additional 1,962 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in First Trust Global Wind Energy ETF during the fourth quarter valued at approximately $41,000. SRS Capital Advisors Inc. increased its holdings in First Trust Global Wind Energy ETF by 9.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 47,754 shares of the company’s stock worth $707,000 after acquiring an additional 4,150 shares during the period. Stifel Financial Corp lifted its stake in First Trust Global Wind Energy ETF by 7.0% in the 3rd quarter. Stifel Financial Corp now owns 79,551 shares of the company’s stock worth $1,435,000 after purchasing an additional 5,190 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in First Trust Global Wind Energy ETF in the 4th quarter valued at $181,000.

First Trust Global Wind Energy ETF Price Performance

FAN opened at $15.41 on Thursday. The firm has a market capitalization of $135.61 million, a P/E ratio of 18.83 and a beta of 0.93. First Trust Global Wind Energy ETF has a one year low of $14.30 and a one year high of $18.15. The company has a fifty day moving average price of $15.13 and a 200-day moving average price of $15.86.

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.