Redstone Wealth Management LLC Purchases New Shares in First Trust Water ETF $FIW

Redstone Wealth Management LLC purchased a new stake in First Trust Water ETF (NYSEARCA:FIW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,346 shares of the company’s stock, valued at approximately $1,341,000. First Trust Water ETF makes up approximately 1.1% of Redstone Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Redstone Wealth Management LLC owned approximately 0.07% of First Trust Water ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Water ETF in the third quarter valued at about $35,000. Ameriflex Group Inc. grew its stake in shares of First Trust Water ETF by 150.0% in the third quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after acquiring an additional 204 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of First Trust Water ETF by 3,635.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock valued at $57,000 after acquiring an additional 509 shares in the last quarter. IFP Advisors Inc grew its stake in shares of First Trust Water ETF by 17.7% in the fourth quarter. IFP Advisors Inc now owns 731 shares of the company’s stock valued at $79,000 after acquiring an additional 110 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new position in shares of First Trust Water ETF in the fourth quarter valued at about $90,000.

First Trust Water ETF Stock Performance

FIW stock opened at $102.23 on Monday. The company has a market capitalization of $1.75 billion, a PE ratio of 24.17 and a beta of 1.03. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30. The company’s 50-day simple moving average is $104.76 and its 200 day simple moving average is $109.31.

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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.