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

Stegent Equity Advisors Inc. reduced its stake in First Trust Water ETF (NYSEARCA:FIW) by 72.1% during the first quarter, Holdings Channel.com reports. The firm owned 10,193 shares of the company’s stock after selling 26,370 shares during the period. Stegent Equity Advisors Inc.’s holdings in First Trust Water ETF were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ausdal Financial Partners Inc. boosted its stake in shares of 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 purchasing an additional 306 shares during the period. Jane Street Group LLC bought a new position in shares of First Trust Water ETF in the second quarter worth approximately $1,261,000. Bank of America Corp DE increased its stake in shares of First Trust Water ETF by 5.1% in the second quarter. Bank of America Corp DE now owns 469,117 shares of the company’s stock worth $50,655,000 after buying an additional 22,581 shares during the period. Modern Wealth Management LLC purchased a new position in shares of First Trust Water ETF in the second quarter worth $4,676,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of First Trust Water ETF in the second quarter worth $228,000.

First Trust Water ETF Stock Down 1.1%

NYSEARCA:FIW opened at $108.35 on Thursday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 24.17 and a beta of 0.99. The company has a fifty day moving average of $105.17 and a 200 day moving average of $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.