DAVENPORT & Co LLC Has $1.27 Million Stake in First Trust Water ETF $FIW

DAVENPORT & Co LLC increased its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 33.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,796 shares of the company’s stock after acquiring an additional 2,955 shares during the period. DAVENPORT & Co LLC owned 0.07% of First Trust Water ETF worth $1,274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in First Trust Water ETF by 67.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 50,454 shares of the company’s stock valued at $5,081,000 after buying an additional 20,340 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in First Trust Water ETF by 5.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,593 shares of the company’s stock valued at $765,000 after buying an additional 373 shares during the last quarter. HighTower Advisors LLC grew its holdings in First Trust Water ETF by 6.6% in the 1st quarter. HighTower Advisors LLC now owns 25,998 shares of the company’s stock valued at $2,618,000 after buying an additional 1,602 shares during the last quarter. KWB Wealth acquired a new stake in First Trust Water ETF in the 2nd quarter valued at approximately $255,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in First Trust Water ETF by 3.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,301 shares of the company’s stock valued at $1,028,000 after buying an additional 321 shares during the last quarter.

First Trust Water ETF Stock Down 1.6%

FIW opened at $111.09 on Friday. The firm has a market capitalization of $1.93 billion, a P/E ratio of 24.17 and a beta of 1.01. The stock’s 50 day moving average price is $112.59 and its two-hundred day moving average price is $107.16. First Trust Water ETF has a 12-month low of $89.31 and a 12-month high of $115.58.

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.