Western Wealth Management LLC Cuts Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Western Wealth Management LLC decreased its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,200 shares of the company’s stock after selling 429 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust Water ETF were worth $725,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FIW. Ipsen Advisor Group LLC bought a new position in shares of First Trust Water ETF during the fourth quarter valued at $1,031,000. Janney Montgomery Scott LLC increased its stake in 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 valued at $5,081,000 after purchasing an additional 20,340 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in First Trust Water ETF in the fourth quarter worth about $49,000. IFP Advisors Inc lifted its stake in shares of First Trust Water ETF by 41.9% in the fourth quarter. IFP Advisors Inc now owns 1,138 shares of the company’s stock worth $116,000 after buying an additional 336 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of First Trust Water ETF by 5.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,593 shares of the company’s stock valued at $765,000 after buying an additional 373 shares during the last quarter.

First Trust Water ETF Stock Up 0.2%

Shares of FIW opened at $108.05 on Friday. First Trust Water ETF has a twelve month low of $89.31 and a twelve month high of $111.64. The company has a market capitalization of $1.86 billion, a P/E ratio of 24.51 and a beta of 1.01. The firm has a 50 day moving average of $104.66 and a 200 day moving average of $103.10.

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.