Legacy Edge Advisors LLC Makes New Investment in First Trust Water ETF $FIW

Legacy Edge Advisors LLC bought a new position in shares of First Trust Water ETF (NYSEARCA:FIW) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,902 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds also recently added to or reduced their stakes in FIW. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of First Trust Water ETF by 140.2% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,670 shares of the company’s stock worth $1,423,000 after purchasing an additional 7,395 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in shares of First Trust Water ETF by 191.4% during the 3rd quarter. Silver Oak Securities Incorporated now owns 7,244 shares of the company’s stock worth $814,000 after purchasing an additional 4,758 shares in the last quarter. Florin Court Capital LLP increased its stake in shares of First Trust Water ETF by 124.1% during the 3rd quarter. Florin Court Capital LLP now owns 22,717 shares of the company’s stock worth $2,552,000 after purchasing an additional 12,578 shares in the last quarter. Fifth Third Securities Inc. purchased a new position in shares of First Trust Water ETF during the 4th quarter worth approximately $1,655,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of First Trust Water ETF by 7.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 214,141 shares of the company’s stock worth $24,059,000 after purchasing an additional 14,978 shares in the last quarter.

First Trust Water ETF Price Performance

Shares of FIW opened at $106.34 on Friday. The firm has a 50 day simple moving average of $107.04 and a 200-day simple moving average of $110.37. First Trust Water ETF has a 1-year low of $100.75 and a 1-year high of $116.30. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 24.17 and a beta of 1.03.

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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.