First Trust Water ETF $FIW Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lessened its stake in First Trust Water ETF (NYSEARCA:FIW) by 35.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,328 shares of the company’s stock after selling 13,156 shares during the period. Integrated Wealth Concepts LLC’s holdings in First Trust Water ETF were worth $2,664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Modern Wealth Management LLC lifted its stake in shares of First Trust Water ETF by 15.9% in the 1st quarter. Modern Wealth Management LLC now owns 52,435 shares of the company’s stock valued at $5,460,000 after purchasing an additional 7,205 shares during the period. Kestra Private Wealth Services LLC grew its position in First Trust Water ETF by 4.9% during the first quarter. Kestra Private Wealth Services LLC now owns 141,242 shares of the company’s stock valued at $14,566,000 after buying an additional 6,643 shares during the period. Global Retirement Partners LLC grew its position in First Trust Water ETF by 171.3% during the fourth quarter. Global Retirement Partners LLC now owns 18,103 shares of the company’s stock valued at $1,967,000 after buying an additional 11,431 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in First Trust Water ETF by 61.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 58,991 shares of the company’s stock valued at $6,409,000 after buying an additional 22,492 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in First Trust Water ETF by 16.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 64,351 shares of the company’s stock valued at $7,048,000 after buying an additional 9,037 shares in the last quarter.

First Trust Water ETF Stock Performance

Shares of First Trust Water ETF stock opened at $105.72 on Tuesday. The firm has a 50-day simple moving average of $109.32 and a two-hundred day simple moving average of $107.07. The company has a market cap of $1.81 billion, a P/E ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a fifty-two week low of $98.52 and a fifty-two 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.