Davis Investment Partners LLC Has $1.81 Million Stock Holdings in First Trust Water ETF (NYSEARCA:FIW)

Davis Investment Partners LLC decreased its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,075 shares of the company’s stock after selling 831 shares during the quarter. First Trust Water ETF makes up about 0.8% of Davis Investment Partners LLC’s holdings, making the stock its 22nd biggest position. Davis Investment Partners LLC owned approximately 0.11% of First Trust Water ETF worth $1,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIW. Envestnet Asset Management Inc. increased its position in First Trust Water ETF by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 186,040 shares of the company’s stock worth $18,600,000 after acquiring an additional 1,803 shares during the period. SRS Capital Advisors Inc. raised its stake in 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 acquiring an additional 38,490 shares in the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Water ETF by 2.7% during the 2nd quarter. Cetera Investment Advisers now owns 113,138 shares of the company’s stock valued at $11,312,000 after purchasing an additional 3,015 shares during the last quarter. Ameritas Advisory Services LLC grew its position in First Trust Water ETF by 164.7% during the 3rd quarter. Ameritas Advisory Services LLC now owns 72,186 shares of the company’s stock worth $7,892,000 after acquiring an additional 44,910 shares during the last quarter. Finally, 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 buying an additional 9,185 shares in the last quarter.

First Trust Water ETF Price Performance

Shares of NYSEARCA FIW traded up $1.43 during mid-day trading on Monday, hitting $101.51. The company’s stock had a trading volume of 58,316 shares, compared to its average volume of 88,363. First Trust Water ETF has a one year low of $90.63 and a one year high of $111.64. The company’s fifty day simple moving average is $106.54 and its 200-day simple moving average is $105.72. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 33.23 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.