Wedbush Securities Inc. Purchases New Position in First Trust Water ETF $FIW

Wedbush Securities Inc. purchased a new stake in shares of First Trust Water ETF (NYSEARCA:FIW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,145 shares of the company’s stock, valued at approximately $638,000.

Other institutional investors also recently modified their holdings of the company. Modern Wealth Management LLC grew its position in First Trust Water ETF by 15.9% in the 1st quarter. Modern Wealth Management LLC now owns 52,435 shares of the company’s stock worth $5,460,000 after purchasing an additional 7,205 shares during the last quarter. Sacks & Associates LLC bought a new position in shares of First Trust Water ETF during the 3rd quarter worth about $2,810,000. Wealthcare Advisory Partners LLC raised its position in shares of First Trust Water ETF by 16.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 64,351 shares of the company’s stock valued at $7,048,000 after buying an additional 9,037 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of First Trust Water ETF by 14.0% during the first quarter. Kestra Advisory Services LLC now owns 75,084 shares of the company’s stock valued at $7,743,000 after buying an additional 9,248 shares during the last quarter. Finally, William John Sempolinski acquired a new position in shares of First Trust Water ETF during the second quarter valued at about $2,913,000.

First Trust Water ETF Stock Performance

NYSEARCA FIW opened at $110.14 on Tuesday. The firm has a 50-day simple moving average of $107.27 and a 200 day simple moving average of $108.05. First Trust Water ETF has a twelve month low of $98.52 and a twelve month high of $116.30. The stock has a market cap of $1.80 billion, a PE ratio of 24.17 and a beta of 0.99.

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.