Arax Advisory Partners Buys Shares of 187,240 First Trust Water ETF $FIW

Arax Advisory Partners bought a new stake in shares of First Trust Water ETF (NYSEARCA:FIW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 187,240 shares of the company’s stock, valued at approximately $20,342,000.

A number of other large investors also recently added to or reduced their stakes in FIW. Ausdal Financial Partners Inc. lifted its position in First Trust Water ETF by 2.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 10,976 shares of the company’s stock valued at $1,185,000 after purchasing an additional 306 shares during the period. Jane Street Group LLC acquired a new position in First Trust Water ETF during the 2nd quarter valued at about $1,261,000. Bank of America Corp DE lifted its position in First Trust Water ETF by 5.1% during the 2nd quarter. Bank of America Corp DE now owns 469,117 shares of the company’s stock valued at $50,655,000 after purchasing an additional 22,581 shares during the period. Modern Wealth Management LLC acquired a new position in First Trust Water ETF during the 2nd quarter valued at about $4,676,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in First Trust Water ETF during the 2nd quarter valued at about $228,000.

First Trust Water ETF Trading Up 0.7%

First Trust Water ETF stock opened at $105.50 on Friday. First Trust Water ETF has a 1 year low of $98.52 and a 1 year high of $116.30. The company has a market cap of $1.80 billion, a PE ratio of 24.17 and a beta of 1.01. The company’s 50-day moving average is $105.00 and its two-hundred day moving average is $108.65.

About First Trust Water ETF

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.