Sfmg LLC Lowers Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Sfmg LLC cut its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,124 shares of the company’s stock after selling 701 shares during the period. Sfmg LLC owned 0.10% of First Trust Water ETF worth $1,645,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FIW. Prospera Financial Services Inc grew its position in shares of First Trust Water ETF by 10.5% during the third quarter. Prospera Financial Services Inc now owns 7,173 shares of the company’s stock worth $786,000 after acquiring an additional 684 shares during the last quarter. Flagstar Advisors Inc. grew its position in First Trust Water ETF by 2.4% in the 3rd quarter. Flagstar Advisors Inc. now owns 12,391 shares of the company’s stock valued at $1,355,000 after buying an additional 290 shares during the last quarter. M Holdings Securities Inc. grew its position in First Trust Water ETF by 3.8% in the 3rd quarter. M Holdings Securities Inc. now owns 24,796 shares of the company’s stock valued at $2,711,000 after buying an additional 897 shares during the last quarter. Kingsview Wealth Management LLC grew its position in First Trust Water ETF by 2.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,963 shares of the company’s stock valued at $543,000 after buying an additional 117 shares during the last quarter. Finally, StoneX Group Inc. purchased a new position in First Trust Water ETF in the 3rd quarter valued at $1,114,000.

First Trust Water ETF Price Performance

NYSEARCA:FIW opened at $100.22 on Friday. The firm’s fifty day moving average price is $103.88 and its 200 day moving average price is $105.73. First Trust Water ETF has a 1-year low of $96.29 and a 1-year high of $111.64. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 26.28 and a beta of 1.04.

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.