Clearwater Capital Advisors LLC Sells 3,745 Shares of First Trust Water ETF (NYSEARCA:FIW)

Clearwater Capital Advisors LLC decreased its stake in First Trust Water ETF (NYSEARCA:FIW) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,001 shares of the company’s stock after selling 3,745 shares during the period. First Trust Water ETF comprises about 1.1% of Clearwater Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Clearwater Capital Advisors LLC’s holdings in First Trust Water ETF were worth $9,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in FIW. Provence Wealth Management Group purchased a new stake in First Trust Water ETF during the 3rd quarter valued at about $28,000. AdvisorNet Financial Inc boosted its stake in shares of First Trust Water ETF by 98.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,134 shares of the company’s stock valued at $108,000 after purchasing an additional 562 shares during the period. Smithfield Trust Co grew its holdings in shares of First Trust Water ETF by 286.1% in the third quarter. Smithfield Trust Co now owns 2,274 shares of the company’s stock worth $188,000 after purchasing an additional 1,685 shares during the last quarter. Private Trust Co. NA increased its stake in shares of First Trust Water ETF by 13.7% in the fourth quarter. Private Trust Co. NA now owns 2,079 shares of the company’s stock worth $197,000 after buying an additional 250 shares during the period. Finally, Accel Wealth Management bought a new stake in First Trust Water ETF during the 4th quarter valued at $208,000.

First Trust Water ETF Price Performance

First Trust Water ETF stock traded up $0.87 during trading hours on Thursday, reaching $105.28. The stock had a trading volume of 34,820 shares, compared to its average volume of 41,452. The company has a fifty day simple moving average of $99.99 and a 200-day simple moving average of $93.69. First Trust Water ETF has a 52 week low of $77.11 and a 52 week high of $105.28. The stock has a market cap of $1.71 billion, a PE 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.