Miracle Mile Advisors LLC Has $216,000 Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Miracle Mile Advisors LLC lessened its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 11.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,140 shares of the company’s stock after selling 267 shares during the quarter. Miracle Mile Advisors LLC’s holdings in First Trust Water ETF were worth $216,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in First Trust Water ETF by 11.2% in the fourth quarter. LPL Financial LLC now owns 812,862 shares of the company’s stock worth $82,953,000 after acquiring an additional 82,173 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust Water ETF by 5.3% during the 4th quarter. Bank of America Corp DE now owns 448,892 shares of the company’s stock valued at $45,809,000 after purchasing an additional 22,666 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in First Trust Water ETF by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 298,442 shares of the company’s stock worth $30,456,000 after buying an additional 1,664 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Water ETF during the fourth quarter worth $18,988,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of First Trust Water ETF by 29.9% in the fourth quarter. Ameriprise Financial Inc. now owns 176,131 shares of the company’s stock valued at $17,974,000 after buying an additional 40,535 shares in the last quarter.

First Trust Water ETF Price Performance

Shares of NYSEARCA FIW opened at $107.35 on Thursday. The company has a 50-day moving average price of $101.90 and a 200-day moving average price of $103.38. The stock has a market capitalization of $1.85 billion, a P/E ratio of 24.51 and a beta of 1.03. First Trust Water ETF has a 1 year low of $89.31 and a 1 year high of $111.64.

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.