Cornerstone Wealth Management LLC Has $963,000 Stake in First Trust Water ETF (NYSEARCA:FIW)

Cornerstone Wealth Management LLC increased its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 48.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,436 shares of the company’s stock after buying an additional 3,064 shares during the period. Cornerstone Wealth Management LLC owned 0.06% of First Trust Water ETF worth $963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Values First Advisors Inc. bought a new stake in shares of First Trust Water ETF during the third quarter worth approximately $52,000. Copley Financial Group Inc. bought a new stake in shares of First Trust Water ETF during the third quarter worth approximately $62,000. TD Private Client Wealth LLC raised its stake in shares of First Trust Water ETF by 6.3% during the third quarter. TD Private Client Wealth LLC now owns 1,680 shares of the company’s stock worth $184,000 after buying an additional 99 shares during the last quarter. Tempus Wealth Planning LLC bought a new stake in shares of First Trust Water ETF during the third quarter worth approximately $203,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of First Trust Water ETF during the third quarter worth approximately $204,000.

First Trust Water ETF Price Performance

FIW opened at $105.27 on Friday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. The firm has a 50 day simple moving average of $105.75 and a 200 day simple moving average of $105.98. First Trust Water ETF has a fifty-two week low of $91.73 and a fifty-two week high of $111.64.

About First Trust Water ETF

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.