Financial Enhancement Group LLC Has $1.58 Million Position in First Trust Water ETF (NYSEARCA:FIW)

Financial Enhancement Group LLC lifted its stake in First Trust Water ETF (NYSEARCA:FIW) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,573 shares of the company’s stock after acquiring an additional 1,706 shares during the quarter. Financial Enhancement Group LLC owned approximately 0.10% of First Trust Water ETF worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of First Trust Water ETF by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 186,040 shares of the company’s stock worth $18,600,000 after purchasing an additional 1,803 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in First Trust Water ETF by 29.6% in the third quarter. SRS Capital Advisors Inc. now owns 168,604 shares of the company’s stock worth $18,433,000 after purchasing an additional 38,490 shares in the last quarter. Cetera Investment Advisers increased its position in First Trust Water ETF by 2.7% during the second quarter. Cetera Investment Advisers now owns 113,138 shares of the company’s stock worth $11,312,000 after buying an additional 3,015 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in First Trust Water ETF by 164.7% during the third quarter. Ameritas Advisory Services LLC now owns 72,186 shares of the company’s stock valued at $7,892,000 after buying an additional 44,910 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in First Trust Water ETF by 20.2% during the third quarter. MML Investors Services LLC now owns 54,679 shares of the company’s stock valued at $5,978,000 after buying an additional 9,185 shares in the last quarter.

First Trust Water ETF Stock Performance

Shares of NYSEARCA FIW opened at $103.75 on Thursday. The business’s 50-day simple moving average is $106.19 and its 200-day simple moving average is $105.73. First Trust Water ETF has a 52 week low of $90.63 and a 52 week high of $111.64. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99.

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.