Sacks & Associates LLC Purchases New Shares in First Trust Water ETF $FIW

Sacks & Associates LLC bought a new stake in shares of First Trust Water ETF (NYSEARCA:FIW) in the 3rd quarter, HoldingsChannel reports. The fund bought 27,073 shares of the company’s stock, valued at approximately $2,810,000. First Trust Water ETF accounts for about 2.0% of Sacks & Associates LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other large investors also recently modified their holdings of the business. First Heartland Consultants Inc. bought a new stake in shares of First Trust Water ETF during the 3rd quarter valued at about $421,000. Waverly Advisors LLC grew its holdings in shares of First Trust Water ETF by 7.2% during the second quarter. Waverly Advisors LLC now owns 28,814 shares of the company’s stock valued at $3,156,000 after purchasing an additional 1,941 shares during the last quarter. Carlson Financial Inc. raised its position in shares of First Trust Water ETF by 21.4% during the 2nd quarter. Carlson Financial Inc. now owns 2,576 shares of the company’s stock worth $282,000 after purchasing an additional 454 shares during the period. Ameritas Advisory Services LLC raised its position in shares of First Trust Water ETF by 42.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock worth $17,290,000 after purchasing an additional 47,042 shares during the period. Finally, Compass Financial Management LLC bought a new stake in shares of First Trust Water ETF in the 2nd quarter worth approximately $43,000.

First Trust Water ETF Price Performance

Shares of FIW opened at $105.09 on Friday. The company has a market cap of $1.72 billion, a P/E ratio of 24.17 and a beta of 0.99. The stock has a fifty day moving average price of $108.21 and a 200 day moving average price of $106.67. First Trust Water ETF has a 12 month low of $98.52 and a 12 month high of $116.30.

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.