Clarus Wealth Advisors lessened its holdings in First Trust Water ETF (NYSEARCA:FIW) by 7.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,430 shares of the company’s stock after selling 200 shares during the quarter. Clarus Wealth Advisors’ holdings in First Trust Water ETF were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Morgan Stanley grew its holdings in First Trust Water ETF by 11.5% in the third quarter. Morgan Stanley now owns 522,812 shares of the company’s stock worth $26,595,000 after purchasing an additional 53,877 shares during the period. Bank of America Corp DE grew its holdings in First Trust Water ETF by 85.1% in the fourth quarter. Bank of America Corp DE now owns 279,512 shares of the company’s stock worth $12,273,000 after purchasing an additional 128,517 shares during the period. Jane Street Group LLC purchased a new stake in First Trust Water ETF in the third quarter worth about $2,555,000. LPL Financial LLC grew its holdings in First Trust Water ETF by 12.8% in the third quarter. LPL Financial LLC now owns 47,621 shares of the company’s stock worth $2,422,000 after purchasing an additional 5,401 shares during the period. Finally, Suntrust Banks Inc. grew its holdings in First Trust Water ETF by 18.9% in the fourth quarter. Suntrust Banks Inc. now owns 34,779 shares of the company’s stock worth $1,528,000 after purchasing an additional 5,538 shares during the period.

Shares of NYSEARCA FIW opened at $51.70 on Friday. First Trust Water ETF has a 52-week low of $41.21 and a 52-week high of $51.97.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 22nd were paid a $0.0882 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.35 annualized dividend and a dividend yield of 0.68%.

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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.

Further Reading: What are the advantages of the Stochastic Momentum Index?

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Institutional Ownership by Quarter for First Trust Water ETF (NYSEARCA:FIW)

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