Prime Capital Investment Advisors LLC Lowers Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Prime Capital Investment Advisors LLC cut its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,922 shares of the company’s stock after selling 396 shares during the period. Prime Capital Investment Advisors LLC owned 0.10% of First Trust Water ETF worth $1,741,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Kingsview Wealth Management LLC grew its position in First Trust Water ETF by 9.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 4,670 shares of the company’s stock valued at $477,000 after buying an additional 420 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in First Trust Water ETF in the 1st quarter valued at $332,000. Waverly Advisors LLC purchased a new position in First Trust Water ETF in the 1st quarter valued at $2,580,000. B. Riley Wealth Advisors Inc. lifted its holdings in First Trust Water ETF by 8.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 11,020 shares of the company’s stock valued at $1,125,000 after acquiring an additional 832 shares during the period. Finally, Comerica Bank lifted its holdings in First Trust Water ETF by 1.1% in the first quarter. Comerica Bank now owns 19,811 shares of the company’s stock valued at $2,023,000 after acquiring an additional 225 shares during the period.

First Trust Water ETF Stock Performance

First Trust Water ETF stock opened at $109.32 on Thursday. First Trust Water ETF has a one year low of $83.92 and a one year high of $111.64. The business has a fifty day moving average of $107.26 and a two-hundred day moving average of $104.74. The company has a market cap of $1.78 billion, a P/E ratio of 33.23 and a beta of 0.99.

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.