D.A. Davidson & CO. Trims Stock Position in First Trust Water ETF $FIW

D.A. Davidson & CO. cut its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,659 shares of the company’s stock after selling 463 shares during the period. D.A. Davidson & CO. owned approximately 0.09% of First Trust Water ETF worth $1,691,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in First Trust Water ETF in the 1st quarter valued at $43,319,000. Raymond James Financial Inc. increased its stake in First Trust Water ETF by 22.3% in the 1st quarter. Raymond James Financial Inc. now owns 227,482 shares of the company’s stock valued at $22,910,000 after buying an additional 41,417 shares during the period. LPL Financial LLC increased its stake in First Trust Water ETF by 3.9% in the 1st quarter. LPL Financial LLC now owns 844,947 shares of the company’s stock valued at $85,095,000 after buying an additional 32,085 shares during the period. Calton & Associates Inc. increased its stake in First Trust Water ETF by 1,404.7% in the 1st quarter. Calton & Associates Inc. now owns 32,426 shares of the company’s stock valued at $3,266,000 after buying an additional 30,271 shares during the period. Finally, Ameritas Advisory Services LLC increased its stake in First Trust Water ETF by 27.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 117,982 shares of the company’s stock valued at $11,888,000 after buying an additional 25,422 shares during the period.

First Trust Water ETF Stock Performance

Shares of FIW opened at $115.28 on Monday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 24.17 and a beta of 1.01. The company’s fifty day moving average is $113.06 and its two-hundred day moving average is $108.47. First Trust Water ETF has a 1 year low of $89.31 and a 1 year high of $116.16.

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.