First Trust EIP Power Solutions ETF
FPWR
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- James Jarvis Murchie
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187 IL United States of America
- IPO Date
- Aug 21, 2019
- CIK
- 0001517936
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust EIP Power Solutions ETF (FPWR) is an actively managed exchange-traded fund that seeks a competitive risk-adjusted total return balanced between dividends and capital appreciation by investing at least 80% of its net assets in equity securities of Power Solutions Companies. These companies, as identified by sub-advisor Energy Income Partners, LLC (EIP), encompass electric generation, transmission, distribution, energy infrastructure, storage, and related technologies; the portfolio includes regulated utilities such as Duke Energy Corporation, American Electric Power Company, Inc., and The Southern Company; energy infrastructure master limited partnerships and pipelines like MPLX LP, Enterprise Products Partners L.P., and Energy Transfer LP; renewable energy and clean technology firms including First Solar, Inc. and Clearway Energy, Inc.; and equipment providers such as Cummins Inc., EnerSys, and Generac Holdings Inc. Launched on August 19, 2019 and domiciled in the United States, the ETF is advised by First Trust Advisors L.P., founded in 1991 and headquartered in Wheaton, Illinois, with sub-advisory services provided by EIP, a specialized energy infrastructure investment firm established in 2003. The fund targets institutional and retail investors focused on the utilities sector and energy transition themes, with geographic operations primarily in North America including U.S. utilities and infrastructure firms, supplemented by select international exposures such as Enel SpA (ADR), Iberdrola, S.A. (ADR), and Canadian entities like TC Energy Corporation and Brookfield Renewable Partners LP. In a major strategic shift effective September 5, 2025, the fund--previously known as the First Trust EIP Carbon Impact ETF (ticker: ECLN)--underwent a name change, ticker symbol update to FPWR, and comprehensive revisions to its principal investment strategies to broaden its scope. Key changes include expanding eligible investments to contracted developers and owners of nuclear energy systems, alongside a heightened emphasis on companies strategically linked to electric power generation or transmission, or those enhancing the electric power system's safety, cleanliness, reliability, or affordability; this evolution aligns with EIP's proprietary selection methodology amid growing demand for resilient power infrastructure. The net expense ratio stands at 0.96%, with total net assets of approximately $18.98 million as of recent reports.