Financial Advocates Investment Management Lowers Stake in First Trust Water ETF (NYSEARCA:FIW)

Financial Advocates Investment Management lowered its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 33.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,248 shares of the company’s stock after selling 1,661 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Water ETF were worth $331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Water ETF by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 34,522 shares of the company’s stock worth $3,774,000 after purchasing an additional 6,835 shares during the last quarter. Jane Street Group LLC grew its holdings in First Trust Water ETF by 291.6% in the 3rd quarter. Jane Street Group LLC now owns 16,899 shares of the company’s stock valued at $1,848,000 after buying an additional 12,584 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of First Trust Water ETF by 88.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,114 shares of the company’s stock valued at $3,073,000 after acquiring an additional 14,162 shares during the last quarter. FMR LLC lifted its holdings in shares of First Trust Water ETF by 12.2% during the 3rd quarter. FMR LLC now owns 4,489 shares of the company’s stock worth $491,000 after acquiring an additional 487 shares during the period. Finally, Trinity Legacy Partners LLC boosted its position in shares of First Trust Water ETF by 11.6% in the third quarter. Trinity Legacy Partners LLC now owns 6,711 shares of the company’s stock worth $735,000 after acquiring an additional 696 shares during the last quarter.

First Trust Water ETF Stock Performance

Shares of FIW stock opened at $104.60 on Monday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a one year low of $93.70 and a one year high of $111.64. The company has a 50 day moving average price of $104.98 and a 200 day moving average price of $106.19.

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.