Ameritas Advisory Services LLC Raises Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Ameritas Advisory Services LLC grew its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 164.7% during the third quarter, Holdings Channel reports. The firm owned 72,186 shares of the company’s stock after purchasing an additional 44,910 shares during the quarter. Ameritas Advisory Services LLC’s holdings in First Trust Water ETF were worth $7,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIW. LPL Financial LLC increased its stake in First Trust Water ETF by 9.5% in the second quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock valued at $69,448,000 after purchasing an additional 59,991 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Water ETF by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 312,016 shares of the company’s stock worth $31,195,000 after purchasing an additional 9,250 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Water ETF by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 186,040 shares of the company’s stock worth $18,600,000 after purchasing an additional 1,803 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Trust Water ETF by 68.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 140,524 shares of the company’s stock worth $14,050,000 after purchasing an additional 57,253 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Water ETF by 2.7% during the second quarter. Cetera Investment Advisers now owns 113,138 shares of the company’s stock worth $11,312,000 after purchasing an additional 3,015 shares during the period.

First Trust Water ETF Stock Performance

First Trust Water ETF stock traded up $0.34 during midday trading on Tuesday, reaching $106.83. The company’s stock had a trading volume of 4,919 shares, compared to its average volume of 39,262. First Trust Water ETF has a fifty-two week low of $81.32 and a fifty-two week high of $110.50. The stock’s 50 day simple moving average is $106.90 and its 200 day simple moving average is $104.29. The firm has a market capitalization of $1.74 billion, a PE ratio of 33.23 and a beta of 0.99.

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.