46,091 Shares in First Trust Water ETF $FIW Bought by Pursuit Wealth Management LLC

Pursuit Wealth Management LLC purchased a new position in First Trust Water ETF (NYSEARCA:FIW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,091 shares of the company’s stock, valued at approximately $5,007,000. First Trust Water ETF accounts for about 4.3% of Pursuit Wealth Management LLC’s portfolio, making the stock its biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of First Trust Water ETF during the third quarter valued at $35,000. Ameriflex Group Inc. increased its holdings in First Trust Water ETF by 150.0% in the 3rd quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock worth $38,000 after buying an additional 204 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in First Trust Water ETF by 3,635.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock worth $57,000 after buying an additional 509 shares in the last quarter. REAP Financial Group LLC increased its holdings in First Trust Water ETF by 9.9% in the 3rd quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock worth $111,000 after buying an additional 89 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in First Trust Water ETF by 186.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,617 shares of the company’s stock worth $182,000 after buying an additional 1,053 shares in the last quarter.

First Trust Water ETF Stock Performance

NYSEARCA FIW opened at $107.38 on Thursday. First Trust Water ETF has a one year low of $94.40 and a one year high of $116.30. The stock has a 50-day moving average of $108.37 and a 200 day moving average of $110.76. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 24.17 and a beta of 1.08.

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.