Modern Wealth Management LLC Makes New Investment in First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN)

Modern Wealth Management LLC acquired a new stake in First Trust EIP Carbon Impact ETF (NYSEARCA:ECLN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,344 shares of the company’s stock, valued at approximately $764,000.

First Trust EIP Carbon Impact ETF Trading Up 0.3 %

NYSEARCA:ECLN opened at $30.41 on Thursday. The stock has a market cap of $15.21 million, a price-to-earnings ratio of 20.46 and a beta of 0.64. The stock has a 50-day moving average price of $30.11 and a two-hundred day moving average price of $29.61. First Trust EIP Carbon Impact ETF has a 1 year low of $23.41 and a 1 year high of $31.18.

About First Trust EIP Carbon Impact ETF

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.