First Trust EIP Carbon Impact ETF (ECLN)
First Trust EIP Carbon Impact ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $32.31, down 0.64% on the session, giving a market capitalisation of $18.0M. Its beta of 0.72 implies it has historically moved less than the broad market.
The First Trust EIP Carbon Impact ETF (referred to as the "Fund") aims to deliver an appealing total return, adjusted for risk, by balancing income from dividends with the potential for capital growth. Under typical market conditions, at least 80% of the Fund's net assets (including any funds borrowed for investment) will be allocated to the stocks of companies. These companies are specifically chosen by its investment sub-advisor, Energy Income Partners, LLC (EIP or the Sub-Advisor), because they are either already making or actively pursuing a positive contribution to carbon reduction.
First Trust EIP Carbon Impact ETF is most often compared with the following Financial Services names: