Gateway Wealth Partners LLC Grows Stake in First Trust Water ETF (NYSEARCA:FIW)

Gateway Wealth Partners LLC lifted its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,043 shares of the company’s stock after purchasing an additional 249 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Water ETF were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FIW. ICA Group Wealth Management LLC purchased a new stake in shares of First Trust Water ETF during the fourth quarter worth about $27,000. Rothschild Investment LLC acquired a new position in First Trust Water ETF during the second quarter worth about $30,000. Strategic Financial Concepts LLC acquired a new position in First Trust Water ETF during the second quarter worth about $32,000. SOA Wealth Advisors LLC. acquired a new position in First Trust Water ETF during the first quarter worth about $36,000. Finally, Larson Financial Group LLC boosted its position in First Trust Water ETF by 597.1% during the second quarter. Larson Financial Group LLC now owns 1,185 shares of the company’s stock worth $119,000 after acquiring an additional 1,015 shares during the last quarter.

First Trust Water ETF Trading Up 0.3 %

FIW opened at $109.33 on Tuesday. The firm has a market capitalization of $1.78 billion, a PE ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a twelve month low of $77.11 and a twelve month high of $109.90. The firm’s 50-day moving average price is $105.50 and its 200 day moving average price is $102.89.

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.