Jane Street Group LLC Cuts Stake in First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN)

Jane Street Group LLC cut its position in First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN) by 28.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 27,354 shares of the company’s stock after selling 10,688 shares during the quarter. Jane Street Group LLC’s holdings in First Trust EIP Carbon Impact ETF were worth $795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of First Trust EIP Carbon Impact ETF by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 39,506 shares of the company’s stock worth $1,004,000 after purchasing an additional 2,164 shares in the last quarter. Tsfg LLC purchased a new stake in shares of First Trust EIP Carbon Impact ETF during the third quarter valued at $58,000. Finally, International Assets Investment Management LLC bought a new stake in First Trust EIP Carbon Impact ETF in the 2nd quarter worth about $43,000.

First Trust EIP Carbon Impact ETF Stock Performance

Shares of NYSEARCA:ECLN opened at $28.87 on Thursday. The firm has a market cap of $31.76 million, a price-to-earnings ratio of 17.17 and a beta of 0.54. The business has a 50-day simple moving average of $29.66 and a two-hundred day simple moving average of $28.21. First Trust EIP Carbon Impact ETF has a fifty-two week low of $22.74 and a fifty-two week high of $31.18.

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.