BIP Wealth LLC Buys Shares of 30,640 First Trust Water ETF $FIW

BIP Wealth LLC bought a new stake in First Trust Water ETF (NYSEARCA:FIW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,640 shares of the company’s stock, valued at approximately $3,329,000. BIP Wealth LLC owned about 0.18% of First Trust Water ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. KWB Wealth grew its holdings in First Trust Water ETF by 3.5% in the 3rd quarter. KWB Wealth now owns 2,617 shares of the company’s stock valued at $283,000 after buying an additional 89 shares during the last quarter. REAP Financial Group LLC grew its holdings in shares of First Trust Water ETF by 9.9% during the 3rd quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock worth $111,000 after purchasing an additional 89 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of First Trust Water ETF by 3.3% during the 3rd quarter. Princeton Global Asset Management LLC now owns 3,440 shares of the company’s stock worth $386,000 after purchasing an additional 109 shares in the last quarter. Element Wealth LLC grew its holdings in shares of First Trust Water ETF by 0.9% during the 3rd quarter. Element Wealth LLC now owns 13,192 shares of the company’s stock worth $1,482,000 after purchasing an additional 120 shares in the last quarter. Finally, Ipsen Advisor Group LLC grew its holdings in shares of First Trust Water ETF by 1.0% during the 3rd quarter. Ipsen Advisor Group LLC now owns 11,750 shares of the company’s stock worth $1,320,000 after purchasing an additional 120 shares in the last quarter.

First Trust Water ETF Trading Down 0.6%

Shares of NYSEARCA:FIW opened at $103.77 on Wednesday. First Trust Water ETF has a 1-year low of $89.31 and a 1-year high of $116.30. The firm has a market capitalization of $1.79 billion, a PE ratio of 24.17 and a beta of 1.07. The business’s 50 day moving average is $109.01 and its 200-day moving average is $110.90.

About First Trust Water ETF

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.