Capital Investment Advisory Services LLC Makes New $605,000 Investment in First Trust Water ETF $FIW

Capital Investment Advisory Services LLC acquired a new position in First Trust Water ETF (NYSEARCA:FIW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,386 shares of the company’s stock, valued at approximately $605,000.

Other hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in First Trust Water ETF in the 3rd quarter valued at $35,000. Allworth Financial LP boosted its holdings in First Trust Water ETF by 35.1% during the 2nd quarter. Allworth Financial LP now owns 1,539 shares of the company’s stock worth $166,000 after acquiring an additional 400 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in First Trust Water ETF by 14.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,605 shares of the company’s stock worth $176,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of First Trust Water ETF by 186.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,617 shares of the company’s stock worth $182,000 after acquiring an additional 1,053 shares in the last quarter. Finally, MGO One Seven LLC purchased a new stake in shares of First Trust Water ETF in the third quarter valued at about $202,000.

First Trust Water ETF Price Performance

FIW opened at $115.39 on Friday. First Trust Water ETF has a fifty-two week low of $89.31 and a fifty-two week high of $116.30. The firm has a market capitalization of $2.00 billion, a P/E ratio of 24.17 and a beta of 1.05. The company’s 50-day moving average is $112.03 and its 200 day moving average is $112.06.

First Trust Water ETF 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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.