Truist Financial Corp Lowers Holdings in First Trust Water ETF (NYSEARCA:FIW)

Truist Financial Corp reduced its stake in First Trust Water ETF (NYSEARCA:FIW) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,085 shares of the company’s stock after selling 4,176 shares during the period. Truist Financial Corp owned approximately 0.62% of First Trust Water ETF worth $10,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its holdings in First Trust Water ETF by 9.5% in the 2nd quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock worth $69,448,000 after acquiring an additional 59,991 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust Water ETF by 3.1% in 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 last quarter. Global Assets Advisory LLC bought a new position in shares of First Trust Water ETF during the first quarter valued at $26,891,000. Envestnet Asset Management Inc. boosted its position 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 valued at $18,600,000 after buying an additional 1,803 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in First Trust Water ETF by 68.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 140,524 shares of the company’s stock worth $14,050,000 after buying an additional 57,253 shares in the last quarter.

First Trust Water ETF Stock Performance

Shares of NYSEARCA:FIW opened at $107.85 on Friday. The business has a 50-day simple moving average of $105.82 and a two-hundred day simple moving average of $103.19. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a fifty-two week low of $77.11 and a fifty-two week high of $109.90.

About First Trust Water ETF

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.