WMG Financial Advisors LLC Increases Stock Position in First Trust Water ETF (NYSEARCA:FIW)

WMG Financial Advisors LLC raised its holdings in First Trust Water ETF (NYSEARCA:FIW) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,387 shares of the company’s stock after purchasing an additional 168 shares during the quarter. First Trust Water ETF accounts for about 0.7% of WMG Financial Advisors LLC’s holdings, making the stock its 28th biggest position. WMG Financial Advisors LLC’s holdings in First Trust Water ETF were worth $1,570,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its stake in shares of First Trust Water ETF by 2.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 172,605 shares of the company’s stock worth $17,614,000 after acquiring an additional 4,001 shares in the last quarter. Truist Financial Corp raised its position in shares of First Trust Water ETF by 8.4% during the 4th quarter. Truist Financial Corp now owns 105,799 shares of the company’s stock worth $10,797,000 after purchasing an additional 8,240 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of First Trust Water ETF by 28.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 92,560 shares of the company’s stock worth $9,446,000 after purchasing an additional 20,374 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of First Trust Water ETF by 8.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 66,723 shares of the company’s stock worth $6,809,000 after purchasing an additional 5,205 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of First Trust Water ETF by 1.3% during the 4th quarter. Private Advisor Group LLC now owns 66,473 shares of the company’s stock worth $6,784,000 after purchasing an additional 855 shares during the last quarter.

First Trust Water ETF Price Performance

Shares of First Trust Water ETF stock opened at $103.14 on Tuesday. First Trust Water ETF has a 1 year low of $96.29 and a 1 year high of $111.64. The company has a market capitalization of $1.77 billion, a P/E ratio of 25.44 and a beta of 1.04. The business has a 50 day moving average price of $103.94 and a 200 day moving average price of $106.17.

First Trust Water ETF Company 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.