Wells Fargo & Company MN Sells 5,485 Shares of First Trust Water ETF (NYSEARCA:FIW)

Wells Fargo & Company MN cut its stake in First Trust Water ETF (NYSEARCA:FIW) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 485,632 shares of the company’s stock after selling 5,485 shares during the period. Wells Fargo & Company MN owned about 2.99% of First Trust Water ETF worth $49,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smith Moore & CO. grew its position in First Trust Water ETF by 4.1% in the fourth quarter. Smith Moore & CO. now owns 6,717 shares of the company’s stock worth $685,000 after acquiring an additional 266 shares in the last quarter. RFG Bristol Wealth Advisors LLC purchased a new stake in First Trust Water ETF during the fourth quarter valued at about $893,000. StoneX Group Inc. boosted its position in First Trust Water ETF by 2.6% during the fourth quarter. StoneX Group Inc. now owns 10,455 shares of the company’s stock valued at $1,069,000 after buying an additional 269 shares during the period. National Bank of Canada FI boosted its position in First Trust Water ETF by 2.7% during the fourth quarter. National Bank of Canada FI now owns 37,889 shares of the company’s stock valued at $3,867,000 after buying an additional 1,005 shares during the period. Finally, Strategy Asset Managers LLC boosted its position in First Trust Water ETF by 3.2% during the fourth quarter. Strategy Asset Managers LLC now owns 25,770 shares of the company’s stock valued at $2,630,000 after buying an additional 796 shares during the period.

First Trust Water ETF Stock Up 7.2 %

NYSEARCA FIW opened at $96.72 on Thursday. The company has a 50-day simple moving average of $101.75 and a two-hundred day simple moving average of $104.97. First Trust Water ETF has a 12-month low of $89.31 and a 12-month high of $111.64. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 24.09 and a beta of 1.02.

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.