Kestra Investment Management LLC Invests $80,000 in First Trust Water ETF (NYSEARCA:FIW)

Kestra Investment Management LLC acquired a new position in shares of First Trust Water ETF (NYSEARCA:FIW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 785 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds have also bought and sold shares of FIW. SRS Capital Advisors Inc. boosted its holdings in shares of First Trust Water ETF by 29.6% during the 3rd 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 in the last quarter. Truist Financial Corp lifted its position in shares of First Trust Water ETF by 8.4% during the 4th quarter. Truist Financial Corp now owns 105,799 shares of the company’s stock valued at $10,797,000 after acquiring an additional 8,240 shares during the period. Ameritas Advisory Services LLC boosted its stake in First Trust Water ETF by 28.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 92,560 shares of the company’s stock worth $9,446,000 after acquiring an additional 20,374 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in First Trust Water ETF by 8.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 66,723 shares of the company’s stock worth $6,809,000 after purchasing an additional 5,205 shares during the period. Finally, MML Investors Services LLC increased its stake in First Trust Water ETF by 20.2% in the third quarter. MML Investors Services LLC now owns 54,679 shares of the company’s stock valued at $5,978,000 after purchasing an additional 9,185 shares in the last quarter.

First Trust Water ETF Trading Down 1.2 %

Shares of NYSEARCA FIW opened at $103.05 on Friday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 33.23 and a beta of 0.99. The firm’s 50-day moving average price is $104.05 and its 200-day moving average price is $106.11. First Trust Water ETF has a 1-year low of $96.10 and a 1-year 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.