Silver Oak Securities Incorporated Decreases Stock Holdings in First Trust Water ETF (NYSEARCA:FIW)

Silver Oak Securities Incorporated lowered its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,328 shares of the company’s stock after selling 721 shares during the period. Silver Oak Securities Incorporated’s holdings in First Trust Water ETF were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raab & Moskowitz Asset Management LLC raised its position in First Trust Water ETF by 0.8% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 33,256 shares of the company’s stock worth $3,153,000 after acquiring an additional 270 shares during the last quarter. Truist Financial Corp raised its position in First Trust Water ETF by 4.5% during the fourth quarter. Truist Financial Corp now owns 98,741 shares of the company’s stock worth $9,360,000 after acquiring an additional 4,285 shares during the last quarter. TAP Consulting LLC raised its position in First Trust Water ETF by 3.6% during the fourth quarter. TAP Consulting LLC now owns 13,996 shares of the company’s stock worth $1,327,000 after acquiring an additional 488 shares during the last quarter. Florin Court Capital LLP raised its position in First Trust Water ETF by 16.5% during the fourth quarter. Florin Court Capital LLP now owns 30,300 shares of the company’s stock worth $2,872,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Corrado Advisors LLC raised its position in First Trust Water ETF by 1.2% during the fourth quarter. Corrado Advisors LLC now owns 11,282 shares of the company’s stock worth $1,070,000 after acquiring an additional 138 shares during the last quarter.

First Trust Water ETF Trading Up 0.4 %

Shares of FIW opened at $99.48 on Thursday. The company has a 50-day moving average of $99.40 and a two-hundred day moving average of $92.92. The stock has a market cap of $1.61 billion, a P/E ratio of 31.25 and a beta of 0.97. First Trust Water ETF has a 12-month low of $77.11 and a 12-month high of $102.55.

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.