Royal Bank of Canada Raises Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Royal Bank of Canada boosted its position in shares of First Trust Water ETF (NYSEARCA:FIW – Get Rating) by 21.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,244 shares of the company’s stock after purchasing an additional 30,830 shares during the period. Royal Bank of Canada owned approximately 1.10% of First Trust Water ETF worth $12,511,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Sterling Manor Financial LLC acquired a new stake in shares of First Trust Water ETF during the third quarter valued at about $3,801,000. WMG Financial Advisors LLC increased its position in shares of First Trust Water ETF by 14.9% during the third quarter. WMG Financial Advisors LLC now owns 15,436 shares of the company’s stock valued at $1,110,000 after acquiring an additional 2,000 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Water ETF by 5.2% during the second quarter. Cetera Investment Advisers now owns 81,289 shares of the company’s stock valued at $5,852,000 after acquiring an additional 4,020 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of First Trust Water ETF by 10,976.7% during the third quarter. SRS Capital Advisors Inc. now owns 105,893 shares of the company’s stock valued at $7,603,000 after acquiring an additional 104,937 shares during the last quarter. Finally, Financial Enhancement Group LLC increased its position in shares of First Trust Water ETF by 4.2% during the third quarter. Financial Enhancement Group LLC now owns 15,069 shares of the company’s stock valued at $1,082,000 after acquiring an additional 603 shares during the last quarter.

First Trust Water ETF Price Performance

Shares of FIW opened at $83.06 on Thursday. First Trust Water ETF has a 1-year low of $67.47 and a 1-year high of $86.99. The stock has a market cap of $1.29 billion, a PE ratio of 26.36 and a beta of 0.99. The firm has a 50-day simple moving average of $83.38 and a two-hundred day simple moving average of $80.28.

First Trust Water ETF Company Profile

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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.