Tocqueville Asset Management L.P. Boosts Position in First Trust Water ETF (NYSEARCA:FIW)

Tocqueville Asset Management L.P. raised its stake in First Trust Water ETF (NYSEARCA:FIW) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,580 shares of the company’s stock after acquiring an additional 510 shares during the period. Tocqueville Asset Management L.P.’s holdings in First Trust Water ETF were worth $1,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prospera Financial Services Inc grew its position in shares of First Trust Water ETF by 10.5% in the 3rd quarter. Prospera Financial Services Inc now owns 7,173 shares of the company’s stock valued at $786,000 after buying an additional 684 shares during the last quarter. Strategy Asset Managers LLC purchased a new position in shares of First Trust Water ETF during the third quarter worth about $2,730,000. Moors & Cabot Inc. increased its position in shares of First Trust Water ETF by 3.8% during the third quarter. Moors & Cabot Inc. now owns 18,056 shares of the company’s stock worth $1,974,000 after purchasing an additional 666 shares in the last quarter. Flagstar Advisors Inc. lifted its holdings in shares of First Trust Water ETF by 2.4% in the 3rd quarter. Flagstar Advisors Inc. now owns 12,391 shares of the company’s stock valued at $1,355,000 after purchasing an additional 290 shares during the last quarter. Finally, M Holdings Securities Inc. boosted its position in shares of First Trust Water ETF by 3.8% in the 3rd quarter. M Holdings Securities Inc. now owns 24,796 shares of the company’s stock valued at $2,711,000 after purchasing an additional 897 shares during the period.

First Trust Water ETF Stock Up 0.5 %

NYSEARCA:FIW opened at $102.55 on Thursday. The company has a market capitalization of $1.76 billion, a PE ratio of 26.28 and a beta of 1.04. First Trust Water ETF has a 52-week low of $96.29 and a 52-week high of $111.64. The stock’s 50 day moving average price is $103.88 and its 200 day moving average price is $105.81.

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.