Proactive Wealth Strategies LLC Acquires New Position in First Trust Water ETF (NYSEARCA:FIW)

Proactive Wealth Strategies LLC bought a new position in shares of First Trust Water ETF (NYSEARCA:FIW) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 2,143 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds have also bought and sold shares of the stock. Rothschild Investment LLC purchased a new stake in shares of First Trust Water ETF during the second quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of First Trust Water ETF during the second quarter worth about $32,000. Values First Advisors Inc. purchased a new stake in First Trust Water ETF in the third quarter valued at approximately $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 buying an additional 1,015 shares during the period. Finally, Financial Perspectives Inc raised its position in First Trust Water ETF by 21.2% during the 2nd quarter. Financial Perspectives Inc now owns 1,374 shares of the company’s stock worth $137,000 after buying an additional 240 shares during the last quarter.

First Trust Water ETF Trading Down 0.9 %

Shares of NYSEARCA FIW opened at $109.22 on Wednesday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a 12 month low of $82.22 and a 12 month high of $111.64. The company has a 50 day simple moving average of $107.18 and a two-hundred day simple moving average of $104.67.

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.