Northwestern Mutual Wealth Management Co. Raises Holdings in First Trust Water ETF $FIW

Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 61.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 58,991 shares of the company’s stock after acquiring an additional 22,492 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Water ETF were worth $6,409,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in First Trust Water ETF during the 3rd quarter valued at $35,000. Ameriflex Group Inc. boosted its stake in First Trust Water ETF by 150.0% during the 3rd quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in First Trust Water ETF by 3,635.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock valued at $57,000 after purchasing an additional 509 shares during the last quarter. Elevated Capital Advisors LLC purchased a new stake in First Trust Water ETF during the 4th quarter valued at $90,000. Finally, REAP Financial Group LLC boosted its stake in First Trust Water ETF by 9.9% during the 3rd quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock valued at $111,000 after purchasing an additional 89 shares during the last quarter.

First Trust Water ETF Trading Up 0.9%

Shares of FIW opened at $102.23 on Friday. The business’s fifty day simple moving average is $104.76 and its two-hundred day simple moving average is $109.32. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 24.17 and a beta of 1.03. First Trust Water ETF has a 12 month low of $98.52 and a 12 month high of $116.30.

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. 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.