Oppenheimer & Co. Inc. Sells 32,546 Shares of First Trust Water ETF $FIW

Oppenheimer & Co. Inc. lessened its position in First Trust Water ETF (NYSEARCA:FIW) by 69.1% during the fourth quarter, Holdings Channel reports. The fund owned 14,547 shares of the company’s stock after selling 32,546 shares during the period. Oppenheimer & Co. Inc.’s holdings in First Trust Water ETF were worth $1,580,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in First Trust Water ETF by 140.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,670 shares of the company’s stock valued at $1,423,000 after acquiring an additional 7,395 shares during the last quarter. BIP Wealth LLC bought a new position in First Trust Water ETF in the fourth quarter valued at $3,329,000. Florin Court Capital LLP increased its stake in First Trust Water ETF by 124.1% in the third quarter. Florin Court Capital LLP now owns 22,717 shares of the company’s stock valued at $2,552,000 after acquiring an additional 12,578 shares during the last quarter. Fifth Third Securities Inc. bought a new position in First Trust Water ETF in the fourth quarter valued at $1,655,000. Finally, Envestnet Asset Management Inc. increased its stake in First Trust Water ETF by 7.5% in the third quarter. Envestnet Asset Management Inc. now owns 214,141 shares of the company’s stock valued at $24,059,000 after acquiring an additional 14,978 shares during the last quarter.

First Trust Water ETF Stock Up 1.6%

FIW opened at $106.89 on Wednesday. The stock has a market cap of $1.83 billion, a PE ratio of 24.17 and a beta of 1.03. First Trust Water ETF has a 52 week low of $100.75 and a 52 week high of $116.30. The business’s fifty day simple moving average is $106.91 and its 200 day simple moving average is $110.30.

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. 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.