Silver Oak Securities Incorporated Takes $232,000 Position in First Trust Water ETF (NYSEARCA:FIW)

Silver Oak Securities Incorporated purchased a new position in shares of First Trust Water ETF (NYSEARCA:FIW) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,274 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its holdings 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 buying an additional 38,490 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in shares of First Trust Water ETF by 28.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 92,560 shares of the company’s stock worth $9,446,000 after purchasing an additional 20,374 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of First Trust Water ETF by 20.2% in the 3rd quarter. MML Investors Services LLC now owns 54,679 shares of the company’s stock worth $5,978,000 after purchasing an additional 9,185 shares during the period. White Pine Investment CO lifted its stake in First Trust Water ETF by 1.8% in the fourth quarter. White Pine Investment CO now owns 48,518 shares of the company’s stock valued at $4,951,000 after purchasing an additional 846 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in First Trust Water ETF by 14.5% during the third quarter. Bank of Montreal Can now owns 39,705 shares of the company’s stock valued at $4,330,000 after purchasing an additional 5,041 shares during the period.

First Trust Water ETF Price Performance

Shares of FIW opened at $104.60 on Monday. First Trust Water ETF has a 1 year low of $93.70 and a 1 year high of $111.64. The stock’s fifty day moving average price is $104.98 and its two-hundred day moving average price is $106.19. The firm has a market cap of $1.70 billion, a PE ratio of 33.23 and a beta of 0.99.

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.