Marshall Investment Management LLC Purchases Shares of 7,172 First Trust Water ETF (NYSEARCA:FIW)

Marshall Investment Management LLC purchased a new stake in First Trust Water ETF (NYSEARCA:FIW) in the 4th quarter, HoldingsChannel reports. The fund purchased 7,172 shares of the company’s stock, valued at approximately $784,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in First Trust Water ETF in the fourth quarter valued at $27,000. Values First Advisors Inc. bought a new stake in First Trust Water ETF in the third quarter valued at $52,000. Copley Financial Group Inc. bought a new stake in First Trust Water ETF in the third quarter valued at $62,000. Kestra Investment Management LLC bought a new stake in First Trust Water ETF in the fourth quarter valued at $80,000. Finally, Empowered Funds LLC acquired a new position in shares of First Trust Water ETF during the fourth quarter valued at about $93,000.

First Trust Water ETF Price Performance

Shares of NYSEARCA FIW opened at $103.05 on Friday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 33.23 and a beta of 0.99. The company has a 50-day moving average price of $103.96 and a 200-day moving average price of $106.12. First Trust Water ETF has a 1 year low of $96.10 and a 1 year 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.