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

Gateway Wealth Partners LLC cut its stake in First Trust Water ETF (NYSEARCA:FIW) by 7.0% during the third quarter, HoldingsChannel reports. The fund owned 3,762 shares of the company’s stock after selling 281 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Water ETF were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIW. LPL Financial LLC lifted its position in First Trust Water ETF by 9.5% during 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 period. Commonwealth Equity Services LLC increased its stake in First Trust Water ETF by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 312,016 shares of the company’s stock worth $31,195,000 after buying an additional 9,250 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Water ETF by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 186,040 shares of the company’s stock valued at $18,600,000 after purchasing an additional 1,803 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Water ETF by 68.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 140,524 shares of the company’s stock valued at $14,050,000 after purchasing an additional 57,253 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of First Trust Water ETF by 2.7% in the second quarter. Cetera Investment Advisers now owns 113,138 shares of the company’s stock valued at $11,312,000 after purchasing an additional 3,015 shares in the last quarter.

First Trust Water ETF Stock Performance

FIW opened at $106.20 on Wednesday. First Trust Water ETF has a one year low of $77.11 and a one year high of $110.50. The stock has a market capitalization of $1.73 billion, a PE ratio of 33.23 and a beta of 0.99. The business’s 50 day moving average price is $106.95 and its 200 day moving average price is $104.05.

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.