Ipsen Advisor Group LLC Takes Position in First Trust Water ETF (NYSEARCA:FIW)

Ipsen Advisor Group LLC purchased a new position in First Trust Water ETF (NYSEARCA:FIW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,105 shares of the company’s stock, valued at approximately $1,031,000. First Trust Water ETF makes up 0.9% of Ipsen Advisor Group LLC’s investment portfolio, making the stock its 29th largest holding. Ipsen Advisor Group LLC owned approximately 0.06% of First Trust Water ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of First Trust Water ETF by 11.2% in the 4th quarter. LPL Financial LLC now owns 812,862 shares of the company’s stock worth $82,953,000 after buying an additional 82,173 shares in the last quarter. TD Private Client Wealth LLC grew its position in First Trust Water ETF by 27.9% in the fourth quarter. TD Private Client Wealth LLC now owns 2,148 shares of the company’s stock valued at $219,000 after acquiring an additional 468 shares during the period. FreeGulliver LLC grew its position in First Trust Water ETF by 10.6% in the fourth quarter. FreeGulliver LLC now owns 7,567 shares of the company’s stock valued at $772,000 after acquiring an additional 723 shares during the period. Tocqueville Asset Management L.P. raised its stake in First Trust Water ETF by 4.2% during the fourth quarter. Tocqueville Asset Management L.P. now owns 12,580 shares of the company’s stock worth $1,284,000 after acquiring an additional 510 shares in the last quarter. Finally, Cozad Asset Management Inc. lifted its holdings in shares of First Trust Water ETF by 11.1% during the fourth quarter. Cozad Asset Management Inc. now owns 16,250 shares of the company’s stock valued at $1,658,000 after acquiring an additional 1,628 shares during the period.

First Trust Water ETF Stock Performance

FIW opened at $101.50 on Wednesday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 26.28 and a beta of 1.04. The firm’s 50-day simple moving average is $103.86 and its 200-day simple moving average is $105.73. First Trust Water ETF has a twelve month low of $96.29 and a twelve month high of $111.64.

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.