Triad Wealth Partners LLC Sells 6,013 Shares of First Trust Water ETF $FIW

Triad Wealth Partners LLC trimmed its position in First Trust Water ETF (NYSEARCA:FIW) by 60.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,897 shares of the company’s stock after selling 6,013 shares during the quarter. Triad Wealth Partners LLC’s holdings in First Trust Water ETF were worth $402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIW. Arax Advisory Partners bought a new stake in shares of First Trust Water ETF in the fourth quarter valued at about $20,342,000. Polianta Ltd grew its holdings in First Trust Water ETF by 86.0% during the 4th quarter. Polianta Ltd now owns 267,700 shares of the company’s stock worth $29,082,000 after acquiring an additional 123,800 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in First Trust Water ETF by 4,103.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 111,109 shares of the company’s stock worth $12,071,000 after acquiring an additional 108,466 shares in the last quarter. Pursuit Wealth Management LLC purchased a new position in First Trust Water ETF during the 4th quarter valued at about $5,007,000. Finally, Modern Wealth Management LLC purchased a new position in First Trust Water ETF during the 2nd quarter valued at about $4,676,000.

First Trust Water ETF Stock Performance

NYSEARCA:FIW opened at $105.54 on Tuesday. The firm has a 50-day simple moving average of $105.10 and a 200-day simple moving average of $108.39. First Trust Water ETF has a one year low of $98.52 and a one year high of $116.30. The firm has a market cap of $1.80 billion, a P/E 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. 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.