Envestnet Asset Management Inc. Cuts Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Envestnet Asset Management Inc. decreased its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,540 shares of the company’s stock after selling 7,063 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Water ETF were worth $19,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in FIW. FMR LLC increased its stake in First Trust Water ETF by 12.2% during the 3rd quarter. FMR LLC now owns 4,489 shares of the company’s stock worth $491,000 after buying an additional 487 shares in the last quarter. Jane Street Group LLC lifted its holdings in First Trust Water ETF by 291.6% in the 3rd quarter. Jane Street Group LLC now owns 16,899 shares of the company’s stock valued at $1,848,000 after purchasing an additional 12,584 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in First Trust Water ETF by 3.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,471 shares of the company’s stock worth $489,000 after purchasing an additional 153 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of First Trust Water ETF by 6.3% during the third quarter. TD Private Client Wealth LLC now owns 1,680 shares of the company’s stock worth $184,000 after buying an additional 99 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of First Trust Water ETF by 15.1% in the third quarter. Sanctuary Advisors LLC now owns 13,612 shares of the company’s stock valued at $1,490,000 after buying an additional 1,788 shares during the last quarter.

First Trust Water ETF Trading Up 1.2 %

NYSEARCA:FIW opened at $97.57 on Tuesday. The company has a market cap of $1.67 billion, a P/E ratio of 24.09 and a beta of 1.02. First Trust Water ETF has a twelve month low of $89.31 and a twelve month high of $111.64. The company’s 50-day moving average price is $101.21 and its 200-day moving average price is $104.69.

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.