D.A. Davidson & CO. Cuts Holdings in First Trust Water ETF (NYSEARCA:FIW)

D.A. Davidson & CO. decreased its holdings in First Trust Water ETF (NYSEARCA:FIW) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,099 shares of the company’s stock after selling 612 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Water ETF were worth $8,101,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FIW. Rothschild Investment LLC bought a new stake in First Trust Water ETF in the 2nd quarter worth about $30,000. Values First Advisors Inc. bought a new stake in shares of First Trust Water ETF in the third quarter worth approximately $52,000. Larson Financial Group LLC raised its holdings in shares of First Trust Water ETF by 597.1% during the second quarter. Larson Financial Group LLC now owns 1,185 shares of the company’s stock valued at $119,000 after purchasing an additional 1,015 shares during the last quarter. Financial Perspectives Inc lifted its position in First Trust Water ETF by 21.2% during the second quarter. Financial Perspectives Inc now owns 1,374 shares of the company’s stock valued at $137,000 after purchasing an additional 240 shares during the period. Finally, Tempus Wealth Planning LLC purchased a new stake in First Trust Water ETF in the third quarter worth approximately $203,000.

First Trust Water ETF Trading Down 0.8 %

NYSEARCA:FIW opened at $109.82 on Wednesday. The company has a 50 day simple moving average of $108.11 and a two-hundred day simple moving average of $105.14. The company has a market cap of $1.78 billion, a PE ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a 12 month low of $86.71 and a 12 month high of $111.64.

First Trust Water ETF Company 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.