Wedbush Securities Inc. Has $555,000 Stake in First Trust Water ETF (NYSEARCA:FIW)

Wedbush Securities Inc. lowered its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,441 shares of the company’s stock after selling 559 shares during the period. Wedbush Securities Inc.’s holdings in First Trust Water ETF were worth $555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smith Moore & CO. boosted its position in shares of First Trust Water ETF by 4.1% during the 4th quarter. Smith Moore & CO. now owns 6,717 shares of the company’s stock valued at $685,000 after acquiring an additional 266 shares in the last quarter. RFG Bristol Wealth Advisors LLC acquired a new stake in First Trust Water ETF during the fourth quarter valued at approximately $893,000. StoneX Group Inc. grew its stake in shares of First Trust Water ETF by 2.6% in the 4th quarter. StoneX Group Inc. now owns 10,455 shares of the company’s stock valued at $1,069,000 after purchasing an additional 269 shares during the period. National Bank of Canada FI grew its stake in shares of First Trust Water ETF by 2.7% in the 4th quarter. National Bank of Canada FI now owns 37,889 shares of the company’s stock valued at $3,867,000 after purchasing an additional 1,005 shares during the period. Finally, Strategy Asset Managers LLC raised its holdings in shares of First Trust Water ETF by 3.2% in the 4th quarter. Strategy Asset Managers LLC now owns 25,770 shares of the company’s stock worth $2,630,000 after buying an additional 796 shares in the last quarter.

First Trust Water ETF Price Performance

Shares of FIW stock opened at $90.26 on Wednesday. The stock’s fifty day simple moving average is $102.11 and its 200 day simple moving average is $105.11. First Trust Water ETF has a one year low of $87.71 and a one year high of $111.64. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 24.09 and a beta of 1.02.

About First Trust Water ETF

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.