International Assets Investment Management LLC boosted its position in First Trust Water ETF (NYSEARCA:FIW – Free Report) by 4,011.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 600,000 shares of the company’s stock after purchasing an additional 585,407 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Water ETF were worth $62,268,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. raised its stake in shares of First Trust Water ETF by 88.0% during the first quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after acquiring an additional 161 shares in the last quarter. Balance Wealth Partners LLC bought a new stake in shares of First Trust Water ETF in the 3rd quarter worth approximately $36,000. CX Institutional purchased a new stake in shares of First Trust Water ETF in the 2nd quarter valued at $37,000. Compass Financial Management LLC purchased a new stake in shares of First Trust Water ETF in the 2nd quarter valued at $43,000. Finally, Continuum Advisory LLC bought a new position in shares of First Trust Water ETF during the 2nd quarter valued at $106,000.
First Trust Water ETF Stock Performance
FIW stock opened at $112.24 on Friday. The firm has a market cap of $1.83 billion, a P/E ratio of 24.17 and a beta of 0.99. The firm’s fifty day moving average is $107.27 and its 200 day moving average is $108.00. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30.
First Trust Water ETF Company 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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