Legacy Edge Advisors LLC Invests $641,000 in First Trust Water ETF $FIW

Legacy Edge Advisors LLC acquired a new position in First Trust Water ETF (NYSEARCA:FIW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,902 shares of the company’s stock, valued at approximately $641,000.

Other large investors have also recently made changes to their positions in the company. Ausdal Financial Partners Inc. lifted its stake in First Trust Water ETF by 2.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 10,976 shares of the company’s stock worth $1,185,000 after acquiring an additional 306 shares in the last quarter. Jane Street Group LLC acquired a new position in First Trust Water ETF during the 2nd quarter worth about $1,261,000. Bank of America Corp DE lifted its stake in First Trust Water ETF by 5.1% during the 2nd quarter. Bank of America Corp DE now owns 469,117 shares of the company’s stock worth $50,655,000 after acquiring an additional 22,581 shares in the last quarter. Modern Wealth Management LLC acquired a new position in First Trust Water ETF during the 2nd quarter worth about $4,676,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in First Trust Water ETF during the 2nd quarter worth about $228,000.

First Trust Water ETF Trading Down 0.8%

FIW opened at $106.34 on Friday. The stock’s 50-day moving average price is $107.04 and its 200 day moving average price is $110.37. First Trust Water ETF has a 12-month low of $100.75 and a 12-month high of $116.30. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 24.17 and a beta of 1.03.

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.