Smith Moore & CO. Boosts Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Smith Moore & CO. increased its stake in First Trust Water ETF (NYSEARCA:FIW) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,717 shares of the company’s stock after buying an additional 266 shares during the period. Smith Moore & CO.’s holdings in First Trust Water ETF were worth $685,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of First Trust Water ETF during the 4th quarter valued at about $27,000. Investors Research Corp boosted its stake in First Trust Water ETF by 116.8% during the fourth quarter. Investors Research Corp now owns 399 shares of the company’s stock valued at $41,000 after buying an additional 215 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Water ETF in the 4th quarter worth approximately $49,000. Copley Financial Group Inc. bought a new stake in shares of First Trust Water ETF during the 3rd quarter worth $62,000. Finally, Farther Finance Advisors LLC increased its stake in First Trust Water ETF by 73.1% in the 4th quarter. Farther Finance Advisors LLC now owns 772 shares of the company’s stock worth $79,000 after purchasing an additional 326 shares in the last quarter.

First Trust Water ETF Stock Down 4.2 %

Shares of First Trust Water ETF stock opened at $94.02 on Friday. The stock has a market cap of $1.62 billion, a PE ratio of 26.28 and a beta of 1.04. First Trust Water ETF has a 12 month low of $93.79 and a 12 month high of $111.64. The business has a fifty day simple moving average of $102.98 and a 200-day simple moving average of $105.47.

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.