ARQ Wealth Advisors LLC Increases Stock Position in First Trust Water ETF (NYSEARCA:FIW)

ARQ Wealth Advisors LLC lifted its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,601 shares of the company’s stock after acquiring an additional 1,004 shares during the period. ARQ Wealth Advisors LLC’s holdings in First Trust Water ETF were worth $564,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. LPL Financial LLC grew its position in shares of First Trust Water ETF by 11.2% during the fourth quarter. LPL Financial LLC now owns 812,862 shares of the company’s stock worth $82,953,000 after acquiring an additional 82,173 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Water ETF by 5.3% during the fourth 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 during the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Water ETF during the fourth quarter worth approximately $18,988,000. Ameriprise Financial Inc. grew its position in shares of First Trust Water ETF by 29.9% during the fourth quarter. Ameriprise Financial Inc. now owns 176,131 shares of the company’s stock worth $17,974,000 after acquiring an additional 40,535 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of First Trust Water ETF by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 124,343 shares of the company’s stock worth $12,689,000 after acquiring an additional 3,397 shares during the last quarter.

First Trust Water ETF Price Performance

NYSEARCA:FIW opened at $108.74 on Friday. The firm’s fifty day moving average price is $107.27 and its 200 day moving average price is $103.63. First Trust Water ETF has a 1-year low of $89.31 and a 1-year high of $111.67. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 24.17 and a beta of 1.01.

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.