Financial Advocates Investment Management Has $340,000 Stake in First Trust Water ETF (NYSEARCA:FIW)

Financial Advocates Investment Management lowered its holdings in First Trust Water ETF (NYSEARCA:FIW) by 44.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,403 shares of the company’s stock after selling 2,768 shares during the period. Financial Advocates Investment Management’s holdings in First Trust Water ETF were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its holdings in shares of First Trust Water ETF by 9.6% in the 4th quarter. Brown Advisory Inc. now owns 3,666 shares of the company’s stock valued at $348,000 after acquiring an additional 320 shares in the last quarter. Mainsail Financial Group LLC grew its stake in First Trust Water ETF by 0.6% in the first quarter. Mainsail Financial Group LLC now owns 42,142 shares of the company’s stock valued at $4,303,000 after purchasing an additional 237 shares in the last quarter. &PARTNERS acquired a new position in shares of First Trust Water ETF during the 2nd quarter worth approximately $270,000. Wells Fargo & Company MN increased its position in shares of First Trust Water ETF by 15.8% during the 4th quarter. Wells Fargo & Company MN now owns 466,293 shares of the company’s stock worth $44,204,000 after purchasing an additional 63,528 shares during the last quarter. Finally, Focus Financial Network Inc. ADV bought a new stake in shares of First Trust Water ETF during the 4th quarter worth approximately $289,000.

First Trust Water ETF Trading Up 0.4 %

NYSEARCA:FIW opened at $106.89 on Friday. The stock has a market capitalization of $1.74 billion, a PE ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a 1-year low of $77.11 and a 1-year high of $108.69. The firm has a fifty day simple moving average of $103.39 and a 200 day simple moving average of $101.60.

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.