Marshall Investment Management LLC Buys 562 Shares of First Trust Water ETF (NYSEARCA:FIW)

Marshall Investment Management LLC lifted its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,734 shares of the company’s stock after acquiring an additional 562 shares during the quarter. Marshall Investment Management LLC’s holdings in First Trust Water ETF were worth $779,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in shares of First Trust Water ETF by 3.9% during the 1st quarter. LPL Financial LLC now owns 844,947 shares of the company’s stock worth $85,095,000 after acquiring an additional 32,085 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust Water ETF by 5.3% during the 4th quarter. Bank of America Corp DE now owns 448,892 shares of the company’s stock worth $45,809,000 after acquiring an additional 22,666 shares in the last quarter. Raymond James Financial Inc. bought a new stake in First Trust Water ETF during the 4th quarter valued at approximately $18,988,000. Ameriprise Financial Inc. boosted its stake in First Trust Water ETF by 29.9% during the 4th quarter. Ameriprise Financial Inc. now owns 176,131 shares of the company’s stock valued at $17,974,000 after purchasing an additional 40,535 shares during the period. Finally, Cetera Investment Advisers boosted its stake in First Trust Water ETF by 7.4% during the 1st quarter. Cetera Investment Advisers now owns 133,513 shares of the company’s stock valued at $13,446,000 after purchasing an additional 9,170 shares during the period.

First Trust Water ETF Stock Down 0.5%

Shares of NYSEARCA:FIW opened at $109.65 on Tuesday. The business has a 50 day moving average price of $107.66 and a 200 day moving average price of $103.99. First Trust Water ETF has a twelve month low of $89.31 and a twelve month high of $111.67. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 24.17 and a beta of 1.01.

About First Trust Water ETF

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.