Envestnet Portfolio Solutions Inc. Grows Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,220 shares of the company’s stock after purchasing an additional 1,701 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Water ETF were worth $737,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FIW. Commonwealth Equity Services LLC raised its stake in First Trust Water ETF by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 298,442 shares of the company’s stock valued at $30,456,000 after buying an additional 1,664 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Water ETF in the fourth quarter valued at approximately $18,988,000. SRS Capital Advisors Inc. boosted its holdings in First Trust Water ETF by 2.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 172,605 shares of the company’s stock valued at $17,614,000 after purchasing an additional 4,001 shares in the last quarter. Truist Financial Corp increased its stake in First Trust Water ETF by 8.4% in the fourth quarter. Truist Financial Corp now owns 105,799 shares of the company’s stock valued at $10,797,000 after purchasing an additional 8,240 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in First Trust Water ETF by 28.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 92,560 shares of the company’s stock worth $9,446,000 after purchasing an additional 20,374 shares in the last quarter.

First Trust Water ETF Trading Up 1.3 %

Shares of First Trust Water ETF stock opened at $101.57 on Tuesday. The company has a fifty day simple moving average of $103.88 and a 200-day simple moving average of $105.73. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 26.28 and a beta of 1.04. First Trust Water ETF has a 12-month low of $96.29 and a 12-month high of $111.64.

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.