Modern Wealth Management LLC increased its position in shares of First Trust Water ETF (NYSEARCA:FIW – Free Report) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,435 shares of the company’s stock after purchasing an additional 7,205 shares during the period. Modern Wealth Management LLC owned approximately 0.31% of First Trust Water ETF worth $5,460,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in FIW. O Shaughnessy Asset Management LLC increased its position in First Trust Water ETF by 64.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock worth $27,000 after buying an additional 98 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in shares of First Trust Water ETF during the fourth quarter worth $28,000. Evolution Wealth Management Inc. bought a new stake in shares of First Trust Water ETF in the fourth quarter valued at about $32,000. Assetmark Inc. grew its stake in shares of First Trust Water ETF by 88.0% in the first quarter. Assetmark Inc. now owns 344 shares of the company’s stock valued at $35,000 after acquiring an additional 161 shares in the last quarter. Finally, Simplex Trading LLC acquired a new position in shares of First Trust Water ETF in the fourth quarter valued at about $45,000.
First Trust Water ETF Stock Performance
NYSEARCA:FIW opened at $107.63 on Friday. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30. The firm’s 50-day simple moving average is $105.81 and its 200 day simple moving average is $108.02. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99.
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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.
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