Cutter & CO Brokerage Inc. Cuts Stock Holdings in First Trust Water ETF (NYSEARCA:FIW)

Cutter & CO Brokerage Inc. decreased its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 2.6% during the third quarter, HoldingsChannel reports. The firm owned 13,284 shares of the company’s stock after selling 359 shares during the period. Cutter & CO Brokerage Inc.’s holdings in First Trust Water ETF were worth $1,452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Advisors LLC boosted its stake in First Trust Water ETF by 556.1% in the first quarter. Cetera Advisors LLC now owns 78,101 shares of the company’s stock valued at $7,974,000 after acquiring an additional 66,197 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust Water ETF by 9.5% in the 2nd quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock worth $69,448,000 after purchasing an additional 59,991 shares in the last quarter. D.A. Davidson & CO. grew its stake in First Trust Water ETF by 340.5% during the 2nd quarter. D.A. Davidson & CO. now owns 74,711 shares of the company’s stock worth $7,470,000 after buying an additional 57,749 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in First Trust Water ETF by 68.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 140,524 shares of the company’s stock valued at $14,050,000 after buying an additional 57,253 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in First Trust Water ETF by 85.2% in the first quarter. Avantax Advisory Services Inc. now owns 76,622 shares of the company’s stock valued at $7,823,000 after buying an additional 35,242 shares during the last quarter.

First Trust Water ETF Stock Performance

FIW stock traded down $0.89 during trading on Tuesday, reaching $105.77. The company had a trading volume of 5,101 shares, compared to its average volume of 39,282. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a twelve month low of $77.11 and a twelve month high of $110.50. The firm has a 50-day simple moving average of $106.94 and a 200-day simple moving average of $103.99.

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.