Modern Wealth Management LLC Buys 7,205 Shares of First Trust Water ETF $FIW

Modern Wealth Management LLC raised its stake in First Trust Water ETF (NYSEARCA:FIW) by 15.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 52,435 shares of the company’s stock after buying an additional 7,205 shares during the quarter. Modern Wealth Management LLC’s holdings in First Trust Water ETF were worth $5,460,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in shares of First Trust Water ETF by 64.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock worth $27,000 after purchasing an additional 98 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Water ETF in the fourth quarter worth $28,000. Evolution Wealth Management Inc. acquired a new position in First Trust Water ETF in the fourth quarter valued at about $32,000. Assetmark Inc. raised its stake in First Trust Water ETF by 88.0% in the first quarter. Assetmark Inc. now owns 344 shares of the company’s stock valued at $35,000 after purchasing an additional 161 shares in the last quarter. Finally, Simplex Trading LLC acquired a new position in First Trust Water ETF in the fourth quarter valued at about $45,000.

First Trust Water ETF Stock Up 1.1%

FIW opened at $107.63 on Friday. First Trust Water ETF has a twelve month low of $98.52 and a twelve month high of $116.30. The company has a 50-day simple moving average of $105.81 and a 200 day simple moving average of $108.02. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99.

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. 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.