Morey & Quinn Wealth Partners LLC Purchases New Position in First Trust Water ETF (NYSEARCA:FIW)

Morey & Quinn Wealth Partners LLC acquired a new position in shares of First Trust Water ETF (NYSEARCA:FIW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,043 shares of the company’s stock, valued at approximately $1,331,000. First Trust Water ETF makes up approximately 1.1% of Morey & Quinn Wealth Partners LLC’s investment portfolio, making the stock its 17th biggest position. Morey & Quinn Wealth Partners LLC owned approximately 0.08% of First Trust Water ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of First Trust Water ETF in the 4th quarter valued at about $18,988,000. LPL Financial LLC boosted its holdings in shares of First Trust Water ETF by 11.2% in the fourth quarter. LPL Financial LLC now owns 812,862 shares of the company’s stock valued at $82,953,000 after acquiring an additional 82,173 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of First Trust Water ETF during the third quarter worth approximately $4,063,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust Water ETF in the 4th quarter valued at $31,000. Finally, Independent Advisor Alliance purchased a new stake in First Trust Water ETF in the 4th quarter valued at $2,440,000.

First Trust Water ETF Stock Performance

NYSEARCA FIW opened at $101.50 on Wednesday. The firm’s fifty day moving average is $103.86 and its two-hundred day moving average is $105.73. First Trust Water ETF has a one year low of $96.29 and a one year high of $111.64. The firm has a market cap of $1.75 billion, a PE ratio of 26.28 and a beta of 1.04.

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.