Private Advisor Group LLC grew its stake in First Trust Water ETF (NYSEARCA:FIW) by 3.2% in the 2nd quarter, Holdings Channel reports. The firm owned 15,108 shares of the company’s stock after purchasing an additional 472 shares during the period. Private Advisor Group LLC’s holdings in First Trust Water ETF were worth $826,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its holdings in First Trust Water ETF by 517.0% in the 1st quarter. Bank of Montreal Can now owns 617 shares of the company’s stock worth $31,000 after purchasing an additional 517 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of First Trust Water ETF in the 2nd quarter worth about $41,000. Mascoma Wealth Management LLC grew its position in shares of First Trust Water ETF by 36.1% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,635 shares of the company’s stock worth $89,000 after buying an additional 434 shares during the period. Cedar Brook Financial Partners LLC purchased a new stake in shares of First Trust Water ETF in the 2nd quarter worth about $213,000. Finally, Western Wealth Management LLC purchased a new stake in shares of First Trust Water ETF in the 1st quarter worth about $220,000.
Shares of NYSEARCA:FIW traded up $0.64 during midday trading on Wednesday, reaching $56.12. The company’s stock had a trading volume of 6,269 shares, compared to its average volume of 30,606. The firm has a 50 day moving average of $54.87 and a 200-day moving average of $53.03. First Trust Water ETF has a 12-month low of $41.21 and a 12-month high of $56.99.
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.
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