TAP Consulting LLC Raises Holdings in First Trust Water ETF (NYSEARCA:FIW)

TAP Consulting LLC grew its stake in First Trust Water ETF (NYSEARCA:FIW) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,996 shares of the company’s stock after buying an additional 488 shares during the quarter. TAP Consulting LLC’s holdings in First Trust Water ETF were worth $1,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FIW. International Assets Investment Management LLC purchased a new stake in shares of First Trust Water ETF during the fourth quarter worth approximately $69,109,000. LPL Financial LLC increased its position in shares of First Trust Water ETF by 9.0% in the 3rd quarter. LPL Financial LLC now owns 627,373 shares of the company’s stock valued at $51,915,000 after purchasing an additional 51,616 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of First Trust Water ETF by 2.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 273,544 shares of the company’s stock valued at $22,636,000 after purchasing an additional 6,123 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Water ETF by 8.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 171,818 shares of the company’s stock valued at $14,218,000 after purchasing an additional 12,662 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust Water ETF by 4.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 135,724 shares of the company’s stock worth $12,866,000 after purchasing an additional 5,683 shares during the last quarter.

First Trust Water ETF Trading Down 0.2 %

Shares of FIW stock traded down $0.19 on Thursday, reaching $99.65. 28,169 shares of the stock were exchanged, compared to its average volume of 40,248. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 31.25 and a beta of 0.97. The business’s 50 day moving average price is $99.14 and its 200 day moving average price is $92.38. First Trust Water ETF has a twelve month low of $77.11 and a twelve month high of $102.55.

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.