SRS Capital Advisors Inc. Boosts Holdings in First Trust Water ETF (NYSEARCA:FIW)

SRS Capital Advisors Inc. lifted its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 29.6% during the third quarter, HoldingsChannel reports. The firm owned 168,604 shares of the company’s stock after purchasing an additional 38,490 shares during the quarter. First Trust Water ETF comprises about 1.6% of SRS Capital Advisors Inc.’s holdings, making the stock its 23rd largest holding. SRS Capital Advisors Inc.’s holdings in First Trust Water ETF were worth $18,433,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FIW. Kingsview Wealth Management LLC grew its stake in First Trust Water ETF by 9.9% in the first quarter. Kingsview Wealth Management LLC now owns 4,670 shares of the company’s stock worth $477,000 after purchasing an additional 420 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in shares of First Trust Water ETF in the 1st quarter valued at approximately $332,000. Waverly Advisors LLC acquired a new position in First Trust Water ETF in the first quarter worth $2,580,000. B. Riley Wealth Advisors Inc. lifted its position in shares of First Trust Water ETF by 8.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 11,020 shares of the company’s stock worth $1,125,000 after buying an additional 832 shares during the last quarter. Finally, Comerica Bank lifted its holdings in First Trust Water ETF by 1.1% in the first quarter. Comerica Bank now owns 19,811 shares of the company’s stock worth $2,023,000 after acquiring an additional 225 shares during the last quarter.

First Trust Water ETF Trading Down 0.6 %

FIW traded down $0.60 during trading on Friday, reaching $106.91. 28,955 shares of the company were exchanged, compared to its average volume of 39,647. First Trust Water ETF has a 52 week low of $85.68 and a 52 week high of $111.64. The firm has a 50 day moving average of $107.55 and a 200 day moving average of $104.83. The stock has a market cap of $1.74 billion, a P/E ratio of 33.23 and a beta of 0.99.

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.