First Trust Water ETF (NYSEARCA:FIW) Shares Sold by Financial Enhancement Group LLC

Financial Enhancement Group LLC cut its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 15.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,867 shares of the company’s stock after selling 2,586 shares during the period. Financial Enhancement Group LLC’s holdings in First Trust Water ETF were worth $1,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FIW. &PARTNERS purchased a new position in First Trust Water ETF during the second quarter worth about $270,000. CreativeOne Wealth LLC purchased a new position in First Trust Water ETF in the first quarter worth approximately $332,000. Sanctuary Advisors LLC acquired a new stake in First Trust Water ETF during the second quarter worth $1,181,000. PFG Advisors raised its position in First Trust Water ETF by 2.0% in the first quarter. PFG Advisors now owns 9,935 shares of the company’s stock valued at $1,014,000 after purchasing an additional 197 shares during the period. Finally, Western Wealth Management LLC lifted its stake in shares of First Trust Water ETF by 6.1% in the 2nd quarter. Western Wealth Management LLC now owns 7,579 shares of the company’s stock valued at $758,000 after purchasing an additional 437 shares during the last quarter.

First Trust Water ETF Trading Up 2.4 %

Shares of NYSEARCA:FIW opened at $110.97 on Thursday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a 12-month low of $81.32 and a 12-month high of $111.64. The business has a 50-day moving average price of $107.02 and a 200 day moving average price of $104.42.

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.