Eagle Strategies LLC Trims Holdings in First Trust Water ETF (NYSEARCA:FIW)

Eagle Strategies LLC lessened its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 36.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,117 shares of the company’s stock after selling 10,777 shares during the period. Eagle Strategies LLC owned about 0.11% of First Trust Water ETF worth $1,925,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. WealthCare Investment Partners LLC purchased a new position in shares of First Trust Water ETF during the 1st quarter worth approximately $228,000. Cornerstone Management Inc. purchased a new position in shares of First Trust Water ETF during the 1st quarter worth approximately $1,459,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of First Trust Water ETF by 5.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,593 shares of the company’s stock worth $765,000 after acquiring an additional 373 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of First Trust Water ETF by 32.8% during the 1st quarter. Cornerstone Wealth Management LLC now owns 12,535 shares of the company’s stock worth $1,262,000 after acquiring an additional 3,099 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of First Trust Water ETF by 67.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,454 shares of the company’s stock worth $5,081,000 after acquiring an additional 20,340 shares during the period.

First Trust Water ETF Stock Performance

FIW stock opened at $105.68 on Monday. First Trust Water ETF has a fifty-two week low of $89.31 and a fifty-two week high of $111.64. The business’s 50 day moving average price is $103.59 and its two-hundred day moving average price is $103.08. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 24.51 and a beta of 1.03.

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.