Prism Advisors Inc. Trims Stock Holdings in First Trust Water ETF (NYSEARCA:FIW)

Prism Advisors Inc. lowered its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,639 shares of the company’s stock after selling 263 shares during the period. First Trust Water ETF accounts for approximately 1.2% of Prism Advisors Inc.’s portfolio, making the stock its 23rd largest holding. Prism Advisors Inc.’s holdings in First Trust Water ETF were worth $4,045,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FIW. Mercer Global Advisors Inc. ADV bought a new position in First Trust Water ETF in the 2nd quarter worth about $219,000. Bank of Montreal Can grew its stake in First Trust Water ETF by 5.9% during the second quarter. Bank of Montreal Can now owns 34,664 shares of the company’s stock valued at $3,540,000 after acquiring an additional 1,919 shares in the last quarter. Creative Planning increased its holdings in First Trust Water ETF by 11.3% during the 2nd quarter. Creative Planning now owns 5,632 shares of the company’s stock worth $563,000 after acquiring an additional 574 shares during the period. NewEdge Advisors LLC lifted its stake in First Trust Water ETF by 10.8% in the 2nd quarter. NewEdge Advisors LLC now owns 29,710 shares of the company’s stock worth $2,970,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Water ETF by 8.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 30,607 shares of the company’s stock valued at $3,060,000 after purchasing an additional 2,459 shares during the period.

First Trust Water ETF Stock Performance

First Trust Water ETF stock opened at $105.27 on Monday. First Trust Water ETF has a fifty-two week low of $91.73 and a fifty-two week high of $111.64. The stock has a market cap of $1.71 billion, a P/E ratio of 33.23 and a beta of 0.99. The firm’s fifty day moving average price is $105.72 and its 200-day moving average price is $106.08.

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.