Wealth Effects LLC Sells 149 Shares of First Trust Water ETF (NYSEARCA:FIW)

Wealth Effects LLC reduced its position in First Trust Water ETF (NYSEARCA:FIW) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,229 shares of the company’s stock after selling 149 shares during the quarter. Wealth Effects LLC’s holdings in First Trust Water ETF were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIW. Values First Advisors Inc. bought a new stake in shares of First Trust Water ETF during the 3rd quarter valued at about $52,000. Copley Financial Group Inc. bought a new stake in shares of First Trust Water ETF during the 3rd quarter worth $62,000. TD Private Client Wealth LLC grew its position in First Trust Water ETF by 6.3% in the third quarter. TD Private Client Wealth LLC now owns 1,680 shares of the company’s stock worth $184,000 after acquiring an additional 99 shares in the last quarter. Tempus Wealth Planning LLC bought a new position in First Trust Water ETF in the third quarter valued at $203,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in First Trust Water ETF during the third quarter valued at about $204,000.

First Trust Water ETF Trading Up 0.6 %

FIW opened at $105.88 on Tuesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 33.23 and a beta of 0.99. The stock has a 50-day moving average price of $105.72 and a 200-day moving average price of $106.13. First Trust Water ETF has a 12-month low of $91.73 and a 12-month high of $111.64.

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.