900 Shares in First Trust Water ETF (NYSEARCA:FIW) Acquired by Mechanics Financial Corp

Mechanics Financial Corp purchased a new stake in First Trust Water ETF (NYSEARCA:FIW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 900 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIW. JPMorgan Chase & Co. increased its position in First Trust Water ETF by 43.5% during the fourth quarter. JPMorgan Chase & Co. now owns 49,548 shares of the company’s stock worth $5,056,000 after buying an additional 15,026 shares during the period. Ausdal Financial Partners Inc. increased its holdings in shares of First Trust Water ETF by 11.7% in the 4th quarter. Ausdal Financial Partners Inc. now owns 10,102 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,062 shares during the period. Morey & Quinn Wealth Partners LLC purchased a new stake in First Trust Water ETF in the 4th quarter valued at $1,331,000. Ipsen Advisor Group LLC acquired a new stake in First Trust Water ETF during the 4th quarter worth $1,031,000. Finally, LPL Financial LLC grew its position in First Trust Water ETF by 11.2% during the 4th quarter. LPL Financial LLC now owns 812,862 shares of the company’s stock worth $82,953,000 after purchasing an additional 82,173 shares during the last quarter.

First Trust Water ETF Stock Performance

Shares of NYSEARCA:FIW opened at $100.19 on Friday. First Trust Water ETF has a one year low of $96.29 and a one year high of $111.64. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 26.28 and a beta of 1.04. The company has a 50-day simple moving average of $103.65 and a 200-day simple moving average of $105.65.

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.