Raymond James & Associates Reduces Stake in First Trust Water ETF (NYSEARCA:FIW)

Raymond James & Associates lessened its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 2.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,815 shares of the company’s stock after selling 2,324 shares during the quarter. Raymond James & Associates owned about 0.50% of First Trust Water ETF worth $8,835,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mainsail Financial Group LLC increased its holdings in shares of First Trust Water ETF by 0.6% in the 1st quarter. Mainsail Financial Group LLC now owns 42,142 shares of the company’s stock worth $4,303,000 after buying an additional 237 shares during the last quarter. &PARTNERS bought a new position in First Trust Water ETF in the second quarter valued at $270,000. CreativeOne Wealth LLC purchased a new stake in First Trust Water ETF during the first quarter valued at about $332,000. Sanctuary Advisors LLC bought a new stake in First Trust Water ETF during the second quarter worth about $1,181,000. Finally, PFG Advisors boosted its holdings in shares of First Trust Water ETF by 2.0% in the 1st quarter. PFG Advisors now owns 9,935 shares of the company’s stock worth $1,014,000 after purchasing an additional 197 shares in the last quarter.

First Trust Water ETF Price Performance

NYSEARCA:FIW opened at $106.20 on Wednesday. First Trust Water ETF has a 1-year low of $77.11 and a 1-year high of $110.50. The business has a 50 day moving average of $106.95 and a 200 day moving average of $104.05. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99.

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.