Financial Advocates Investment Management Cuts Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Financial Advocates Investment Management decreased its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 33.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,248 shares of the company’s stock after selling 1,661 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Water ETF were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FIW. SRS Capital Advisors Inc. lifted its stake in shares of First Trust Water ETF by 29.6% during the third quarter. SRS Capital Advisors Inc. now owns 168,604 shares of the company’s stock worth $18,433,000 after purchasing an additional 38,490 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of First Trust Water ETF by 28.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 92,560 shares of the company’s stock valued at $9,446,000 after buying an additional 20,374 shares during the period. MML Investors Services LLC lifted its position in First Trust Water ETF by 20.2% during the 3rd quarter. MML Investors Services LLC now owns 54,679 shares of the company’s stock worth $5,978,000 after acquiring an additional 9,185 shares in the last quarter. White Pine Investment CO boosted its holdings in First Trust Water ETF by 1.8% in the 4th quarter. White Pine Investment CO now owns 48,518 shares of the company’s stock worth $4,951,000 after acquiring an additional 846 shares during the period. Finally, Bank of Montreal Can grew its position in First Trust Water ETF by 14.5% in the third quarter. Bank of Montreal Can now owns 39,705 shares of the company’s stock valued at $4,330,000 after acquiring an additional 5,041 shares in the last quarter.

First Trust Water ETF Trading Down 0.8 %

NYSEARCA FIW opened at $104.60 on Monday. The stock has a market cap of $1.70 billion, a P/E ratio of 33.23 and a beta of 0.99. The company’s fifty day simple moving average is $104.98 and its 200-day simple moving average is $106.19. First Trust Water ETF has a 52 week low of $93.70 and a 52 week high of $111.64.

First Trust Water ETF Company 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.