Independent Advisor Alliance Makes New Investment in First Trust Water ETF (NYSEARCA:FIW)

Independent Advisor Alliance bought a new stake in shares of First Trust Water ETF (NYSEARCA:FIW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,911 shares of the company’s stock, valued at approximately $2,440,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in First Trust Water ETF during the 4th quarter worth $27,000. Strategic Financial Concepts LLC acquired a new position in First Trust Water ETF in the fourth quarter worth about $31,000. SBI Securities Co. Ltd. bought a new stake in First Trust Water ETF in the fourth quarter valued at about $49,000. Copley Financial Group Inc. acquired a new stake in First Trust Water ETF during the third quarter valued at approximately $62,000. Finally, Kestra Investment Management LLC bought a new position in First Trust Water ETF during the 4th quarter worth approximately $80,000.

First Trust Water ETF Trading Down 1.0 %

Shares of FIW opened at $99.48 on Friday. First Trust Water ETF has a 52 week low of $96.29 and a 52 week high of $111.64. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 25.44 and a beta of 1.04. The stock has a 50 day moving average of $103.86 and a 200-day moving average of $105.95.

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.