Zhang Financial LLC Sells 111 Shares of First Trust Water ETF (NYSEARCA:FIW)

Zhang Financial LLC trimmed its stake in First Trust Water ETF (NYSEARCA:FIW) by 5.2% during the 1st quarter, HoldingsChannel reports. The fund owned 2,022 shares of the company’s stock after selling 111 shares during the quarter. Zhang Financial LLC’s holdings in First Trust Water ETF were worth $204,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FIW. Golden State Wealth Management LLC bought a new stake in First Trust Water ETF in the fourth quarter worth $27,000. Strategic Financial Concepts LLC bought a new stake in First Trust Water ETF in the fourth quarter worth $31,000. Perkins Coie Trust Co bought a new stake in First Trust Water ETF in the first quarter worth $35,000. Russell Investments Group Ltd. raised its stake in shares of First Trust Water ETF by 1,161.3% in the fourth quarter. Russell Investments Group Ltd. now owns 391 shares of the company’s stock worth $40,000 after purchasing an additional 360 shares during the last quarter. Finally, Investors Research Corp raised its stake in shares of First Trust Water ETF by 116.8% in the fourth quarter. Investors Research Corp now owns 399 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the last quarter.

First Trust Water ETF Price Performance

FIW stock opened at $107.29 on Friday. First Trust Water ETF has a 1-year low of $89.31 and a 1-year high of $111.64. The business has a fifty day moving average price of $102.20 and a 200-day moving average price of $103.36. The stock has a market capitalization of $1.85 billion, a P/E ratio of 24.51 and a beta of 1.03.

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.