Western Wealth Management LLC Increases Stake in First Trust Water ETF $FIW

Western Wealth Management LLC grew its holdings in First Trust Water ETF (NYSEARCA:FIW) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,698 shares of the company’s stock after acquiring an additional 498 shares during the period. Western Wealth Management LLC’s holdings in First Trust Water ETF were worth $831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. HighTower Advisors LLC lifted its position in shares of First Trust Water ETF by 6.6% during the 1st quarter. HighTower Advisors LLC now owns 25,998 shares of the company’s stock valued at $2,618,000 after buying an additional 1,602 shares in the last quarter. KWB Wealth bought a new position in shares of First Trust Water ETF during the 2nd quarter valued at approximately $255,000. Wealth Enhancement Advisory Services LLC increased its holdings in First Trust Water ETF by 3.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,301 shares of the company’s stock worth $1,028,000 after acquiring an additional 321 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in First Trust Water ETF by 2.0% in the 2nd quarter. Clear Creek Financial Management LLC now owns 9,870 shares of the company’s stock worth $1,066,000 after acquiring an additional 191 shares in the last quarter. Finally, Davis Investment Partners LLC raised its stake in First Trust Water ETF by 5.3% during the 2nd quarter. Davis Investment Partners LLC now owns 19,028 shares of the company’s stock worth $2,090,000 after acquiring an additional 953 shares during the period.

First Trust Water ETF Price Performance

Shares of NYSEARCA:FIW opened at $108.59 on Tuesday. The company has a market capitalization of $1.89 billion, a P/E ratio of 24.17 and a beta of 1.05. First Trust Water ETF has a 1-year low of $89.31 and a 1-year high of $116.16. The firm’s 50 day simple moving average is $112.43 and its two-hundred day simple moving average is $110.08.

First Trust Water ETF 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.