Nova R Wealth Inc. Lowers Holdings in First Trust Water ETF $FIW

Nova R Wealth Inc. reduced its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 30.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,930 shares of the company’s stock after selling 2,130 shares during the quarter. Nova R Wealth Inc.’s holdings in First Trust Water ETF were worth $532,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. KWB Wealth purchased a new stake in shares of First Trust Water ETF in the second quarter worth about $255,000. Tempus Wealth Planning LLC purchased a new position in First Trust Water ETF during the second quarter valued at approximately $204,000. Fifth Third Bancorp lifted its holdings in First Trust Water ETF by 451.0% in the second quarter. Fifth Third Bancorp now owns 1,576 shares of the company’s stock valued at $170,000 after acquiring an additional 1,290 shares during the period. Financial Enhancement Group LLC boosted its position in First Trust Water ETF by 0.6% in the 2nd quarter. Financial Enhancement Group LLC now owns 18,007 shares of the company’s stock worth $1,978,000 after purchasing an additional 108 shares in the last quarter. Finally, Flagstar Advisors Inc. boosted its position in First Trust Water ETF by 4.3% in the 2nd quarter. Flagstar Advisors Inc. now owns 12,070 shares of the company’s stock worth $1,303,000 after purchasing an additional 495 shares in the last quarter.

First Trust Water ETF Price Performance

Shares of NYSEARCA FIW opened at $111.00 on Monday. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.17 and a beta of 1.01. The firm’s 50 day simple moving average is $111.87 and its 200-day simple moving average is $106.46. First Trust Water ETF has a 12 month low of $89.31 and a 12 month high of $115.58.

First Trust Water ETF Profile

First Trust ISE Water Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the ISE Water Index (the Index). The Index is a modified market capitalization-weighted index consisting of 36 stocks that derive a substantial portion of their revenues from the potable and wastewater industries.