Stegent Equity Advisors Inc. Sells 26,370 Shares of First Trust Water ETF $FIW

Stegent Equity Advisors Inc. trimmed its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 72.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,193 shares of the company’s stock after selling 26,370 shares during the period. Stegent Equity Advisors Inc. owned about 0.06% of First Trust Water ETF worth $1,051,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Ausdal Financial Partners Inc. grew its position in First Trust Water ETF by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 10,976 shares of the company’s stock valued at $1,185,000 after acquiring an additional 306 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of First Trust Water ETF in the 2nd quarter valued at $1,261,000. Bank of America Corp DE boosted its stake in shares of First Trust Water ETF by 5.1% in the 2nd quarter. Bank of America Corp DE now owns 469,117 shares of the company’s stock valued at $50,655,000 after purchasing an additional 22,581 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in shares of First Trust Water ETF in the 2nd quarter valued at $4,676,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Water ETF during the 2nd quarter valued at $228,000.

First Trust Water ETF Stock Down 1.1%

Shares of NYSEARCA:FIW opened at $108.35 on Thursday. The stock has a market cap of $1.84 billion, a PE ratio of 24.17 and a beta of 0.99. The company’s fifty day moving average is $105.17 and its 200 day moving average is $108.28. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30.

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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.