Redstone Wealth Management LLC Makes New $1.34 Million Investment in First Trust Water ETF $FIW

Redstone Wealth Management LLC acquired a new position in shares of First Trust Water ETF (NYSEARCA:FIW) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,346 shares of the company’s stock, valued at approximately $1,341,000. First Trust Water ETF makes up approximately 1.1% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 15th largest position.

A number of other large investors have also recently bought and sold shares of the company. REAP Financial Group LLC grew its stake in First Trust Water ETF by 9.9% during the third quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock worth $111,000 after buying an additional 89 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its stake in First Trust Water ETF by 0.9% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,924 shares of the company’s stock worth $1,078,000 after buying an additional 92 shares in the last quarter. IFP Advisors Inc grew its stake in First Trust Water ETF by 17.7% during the fourth quarter. IFP Advisors Inc now owns 731 shares of the company’s stock worth $79,000 after buying an additional 110 shares in the last quarter. Ipsen Advisor Group LLC grew its stake in First Trust Water ETF by 1.0% during the third quarter. Ipsen Advisor Group LLC now owns 11,750 shares of the company’s stock worth $1,320,000 after buying an additional 120 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its stake in First Trust Water ETF by 1.2% during the third quarter. Tocqueville Asset Management L.P. now owns 10,210 shares of the company’s stock worth $1,147,000 after buying an additional 125 shares in the last quarter.

First Trust Water ETF Price Performance

Shares of First Trust Water ETF stock opened at $102.23 on Monday. The company has a market capitalization 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. The firm’s 50-day moving average price is $104.76 and its two-hundred day moving average price is $109.31.

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.