Farther Finance Advisors LLC Raises Stake in First Trust Water ETF (NYSEARCA:FIW)

Farther Finance Advisors LLC lifted its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 73.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 772 shares of the company’s stock after buying an additional 326 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Trust Water ETF were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FIW. Raymond James Financial Inc. purchased a new stake in First Trust Water ETF in the fourth quarter valued at approximately $18,988,000. Benjamin Edwards Inc. purchased a new stake in First Trust Water ETF in the third quarter valued at approximately $4,063,000. Strategic Financial Concepts LLC acquired a new position in First Trust Water ETF during the fourth quarter valued at approximately $31,000. Independent Advisor Alliance acquired a new position in First Trust Water ETF during the fourth quarter valued at approximately $2,440,000. Finally, Ameritas Advisory Services LLC lifted its position in First Trust Water ETF by 28.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 92,560 shares of the company’s stock valued at $9,446,000 after buying an additional 20,374 shares in the last quarter.

First Trust Water ETF Stock Down 1.2 %

Shares of FIW stock opened at $100.22 on Friday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 26.28 and a beta of 1.04. First Trust Water ETF has a fifty-two week low of $96.29 and a fifty-two week high of $111.64. The firm’s 50 day moving average price is $103.88 and its two-hundred day moving average price is $105.73.

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.