Fifth Third Bancorp Boosts Stock Position in First Trust Water ETF $FIW

Fifth Third Bancorp boosted its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 1,664.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,196 shares of the company’s stock after buying an additional 28,485 shares during the period. Fifth Third Bancorp owned approximately 0.18% of First Trust Water ETF worth $3,114,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BIP Wealth LLC bought a new position in First Trust Water ETF in the 4th quarter worth about $3,329,000. Natural Investments LLC bought a new stake in First Trust Water ETF during the 4th quarter valued at about $551,000. Guardian Capital LLC purchased a new position in First Trust Water ETF in the fourth quarter worth about $1,148,000. Legacy Edge Advisors LLC purchased a new position in First Trust Water ETF in the fourth quarter worth about $641,000. Finally, Fifth Third Securities Inc. bought a new position in shares of First Trust Water ETF in the fourth quarter worth approximately $1,655,000.

First Trust Water ETF Price Performance

NYSEARCA:FIW opened at $108.32 on Monday. The company’s 50 day moving average price is $105.37 and its 200-day moving average price is $108.10. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99.

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.