Garden State Investment Advisory Services LLC Has $569,000 Position in First Trust Water ETF (NYSEARCA:FIW)

Garden State Investment Advisory Services LLC grew its stake in First Trust Water ETF (NYSEARCA:FIW) by 13.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,200 shares of the company’s stock after acquiring an additional 610 shares during the period. Garden State Investment Advisory Services LLC’s holdings in First Trust Water ETF were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of FIW. Envestnet Portfolio Solutions Inc. grew its stake in First Trust Water ETF by 45.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,999 shares of the company’s stock valued at $400,000 after buying an additional 1,242 shares during the last quarter. KFG Wealth Management LLC boosted its holdings in shares of First Trust Water ETF by 7.0% during the second quarter. KFG Wealth Management LLC now owns 3,723 shares of the company’s stock worth $372,000 after acquiring an additional 243 shares during the period. Western Wealth Management LLC boosted its holdings in shares of First Trust Water ETF by 6.1% during the second quarter. Western Wealth Management LLC now owns 7,579 shares of the company’s stock worth $758,000 after acquiring an additional 437 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of First Trust Water ETF by 3.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 111,240 shares of the company’s stock valued at $11,122,000 after purchasing an additional 3,378 shares during the last quarter. Finally, Private Advisory Group LLC bought a new position in shares of First Trust Water ETF during the second quarter worth approximately $1,380,000.

First Trust Water ETF Stock Performance

NYSEARCA:FIW traded down $0.87 during mid-day trading on Friday, hitting $107.29. 5,735 shares of the stock were exchanged, compared to its average volume of 40,079. The firm’s 50-day simple moving average is $108.52 and its 200 day simple moving average is $105.46. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a fifty-two week low of $90.63 and a fifty-two week high of $111.64.

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.