M Holdings Securities Inc. Lowers Stake in First Trust Water ETF (NYSEARCA:FIW)

M Holdings Securities Inc. cut its stake in First Trust Water ETF (NYSEARCA:FIW) by 90.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,439 shares of the company’s stock after selling 22,357 shares during the period. M Holdings Securities Inc.’s holdings in First Trust Water ETF were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIW. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Water ETF by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 298,442 shares of the company’s stock worth $30,456,000 after purchasing an additional 1,664 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in First Trust Water ETF in the fourth quarter worth approximately $18,988,000. SRS Capital Advisors Inc. grew its position in First Trust Water ETF by 2.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 172,605 shares of the company’s stock valued at $17,614,000 after acquiring an additional 4,001 shares during the last quarter. Truist Financial Corp raised its stake in shares of First Trust Water ETF by 8.4% during the fourth quarter. Truist Financial Corp now owns 105,799 shares of the company’s stock worth $10,797,000 after acquiring an additional 8,240 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in shares of 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 worth $9,446,000 after acquiring an additional 20,374 shares in the last quarter.

First Trust Water ETF Stock Performance

Shares of First Trust Water ETF stock opened at $100.22 on Friday. First Trust Water ETF has a 52-week low of $96.29 and a 52-week high of $111.64. The company has a fifty day moving average of $103.88 and a 200-day moving average of $105.73. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 26.28 and a beta of 1.04.

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.