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

Summit Investment Advisors Inc. increased its stake in shares of First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,863 shares of the company’s stock after acquiring an additional 1,647 shares during the quarter. Summit Investment Advisors Inc.’s holdings in First Trust EIP Carbon Impact ETF were worth $429,000 as of its most recent filing with the SEC.

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

First Trust EIP Carbon Impact ETF Stock Performance

Shares of First Trust EIP Carbon Impact ETF stock opened at $30.35 on Friday. First Trust EIP Carbon Impact ETF has a 52-week low of $24.24 and a 52-week high of $31.18. The stock has a market cap of $15.18 million, a PE ratio of 19.61 and a beta of 0.60. The firm has a 50-day moving average of $30.07 and a 200-day moving average of $29.75.

First Trust EIP Carbon Impact ETF 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.