First Trust Water ETF $FIW Stock: Mainsail Financial Group LLC Raises Stake

Mainsail Financial Group LLC raised its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 9.5% in the third quarter, Holdings Channel reports. The institutional investor owned 70,509 shares of the company’s stock after buying an additional 6,127 shares during the quarter. First Trust Water ETF comprises about 2.5% of Mainsail Financial Group LLC’s portfolio, making the stock its 16th biggest position. Mainsail Financial Group LLC’s holdings in First Trust Water ETF were worth $7,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC increased its position in shares of First Trust Water ETF by 42.4% during the second quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock valued at $17,290,000 after buying an additional 47,042 shares during the period. Fifth Third Bancorp boosted its position in shares of First Trust Water ETF by 1,664.8% in the first quarter. Fifth Third Bancorp now owns 30,196 shares of the company’s stock valued at $3,114,000 after acquiring an additional 28,485 shares during the period. Sacks & Associates LLC bought a new position in shares of First Trust Water ETF in the third quarter valued at approximately $2,810,000. William John Sempolinski purchased a new position in First Trust Water ETF during the second quarter valued at approximately $2,913,000. Finally, Kestra Advisory Services LLC grew its stake in First Trust Water ETF by 14.0% during the first quarter. Kestra Advisory Services LLC now owns 75,084 shares of the company’s stock valued at $7,743,000 after acquiring an additional 9,248 shares in the last quarter.

First Trust Water ETF Stock Performance

Shares of NYSEARCA:FIW opened at $110.09 on Monday. The company has a 50 day moving average of $107.21 and a 200 day moving average of $107.00. The stock has a market cap of $1.79 billion, a P/E ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a 12 month low of $98.52 and a 12 month high of $116.30.

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.