Sigma Planning Corp Decreases Stake in First Trust Water ETF (NYSEARCA:FIW)

Sigma Planning Corp lowered its stake in First Trust Water ETF (NYSEARCA:FIW) by 61.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,599 shares of the company’s stock after selling 23,701 shares during the period. Sigma Planning Corp’s holdings in First Trust Water ETF were worth $1,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIW. Impact Partnership Wealth LLC purchased a new position in shares of First Trust Water ETF in the third quarter worth $42,000. Financial Enhancement Group LLC increased its stake in shares of First Trust Water ETF by 1.4% in the third quarter. Financial Enhancement Group LLC now owns 14,763 shares of the company’s stock worth $1,219,000 after acquiring an additional 204 shares during the period. KFG Wealth Management LLC acquired a new stake in shares of First Trust Water ETF in the third quarter worth $202,000. Strategic Blueprint LLC increased its stake in shares of First Trust Water ETF by 3.5% in the third quarter. Strategic Blueprint LLC now owns 23,254 shares of the company’s stock worth $1,924,000 after acquiring an additional 795 shares during the period. Finally, Flagstar Advisors Inc. increased its stake in shares of First Trust Water ETF by 18.4% in the third quarter. Flagstar Advisors Inc. now owns 7,917 shares of the company’s stock worth $655,000 after acquiring an additional 1,231 shares during the period.

First Trust Water ETF Price Performance

NYSEARCA:FIW opened at $98.25 on Tuesday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 31.25 and a beta of 0.97. First Trust Water ETF has a 1-year low of $77.11 and a 1-year high of $102.55. The company’s fifty day moving average price is $98.89 and its 200-day moving average price is $92.15.

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.