Financial Enhancement Group LLC Has $1.52 Million Position in First Trust Water ETF (NYSEARCA:FIW)

Financial Enhancement Group LLC lessened its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 15.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,867 shares of the company’s stock after selling 2,586 shares during the period. Financial Enhancement Group LLC owned 0.09% of First Trust Water ETF worth $1,516,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC purchased a new stake in First Trust Water ETF during the second quarter worth about $30,000. Strategic Financial Concepts LLC purchased a new position in shares of First Trust Water ETF during the 2nd quarter valued at $32,000. Values First Advisors Inc. bought a new position in shares of First Trust Water ETF during the 3rd quarter worth $52,000. Larson Financial Group LLC increased its holdings in First Trust Water ETF by 597.1% in the 2nd quarter. Larson Financial Group LLC now owns 1,185 shares of the company’s stock worth $119,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Financial Perspectives Inc raised its stake in First Trust Water ETF by 21.2% in the 2nd quarter. Financial Perspectives Inc now owns 1,374 shares of the company’s stock valued at $137,000 after acquiring an additional 240 shares during the period.

First Trust Water ETF Stock Up 2.4 %

Shares of NYSEARCA:FIW opened at $110.97 on Thursday. The firm has a market capitalization of $1.80 billion, a PE ratio of 33.23 and a beta of 0.99. The company has a 50-day moving average price of $107.02 and a two-hundred day moving average price of $104.42. First Trust Water ETF has a twelve month low of $81.32 and a twelve month high of $111.64.

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.