Gateway Wealth Partners LLC Has $345,000 Position in First Trust Water ETF (NYSEARCA:FIW)

Gateway Wealth Partners LLC decreased its stake in First Trust Water ETF (NYSEARCA:FIW) by 10.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,383 shares of the company’s stock after selling 379 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Water ETF were worth $345,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Values First Advisors Inc. bought a new position in First Trust Water ETF during the 3rd quarter worth approximately $52,000. Copley Financial Group Inc. acquired a new stake in shares of First Trust Water ETF during the third quarter worth $62,000. TD Private Client Wealth LLC raised its stake in First Trust Water ETF by 6.3% during the third quarter. TD Private Client Wealth LLC now owns 1,680 shares of the company’s stock worth $184,000 after buying an additional 99 shares during the last quarter. Tempus Wealth Planning LLC acquired a new position in First Trust Water ETF in the third quarter valued at $203,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in First Trust Water ETF during the 3rd quarter worth about $204,000.

First Trust Water ETF Trading Down 1.1 %

FIW stock opened at $104.67 on Thursday. First Trust Water ETF has a 1-year low of $91.73 and a 1-year high of $111.64. The stock has a 50-day moving average price of $105.67 and a 200-day moving average price of $106.17. The firm has a market cap of $1.70 billion, a PE ratio of 33.23 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.