Stegent Equity Advisors Inc. Has $3.58 Million Position in First Trust Water ETF (NYSEARCA:FIW)

Stegent Equity Advisors Inc. boosted its holdings in First Trust Water ETF (NYSEARCA:FIW) by 179.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,750 shares of the company’s stock after buying an additional 24,224 shares during the quarter. First Trust Water ETF accounts for approximately 4.2% of Stegent Equity Advisors Inc.’s holdings, making the stock its 5th biggest position. Stegent Equity Advisors Inc.’s holdings in First Trust Water ETF were worth $3,579,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIW. Sfmg LLC grew its stake in shares of First Trust Water ETF by 0.6% during the 4th quarter. Sfmg LLC now owns 17,268 shares of the company’s stock valued at $1,637,000 after purchasing an additional 111 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in First Trust Water ETF by 1.7% in the 4th quarter. Ausdal Financial Partners Inc. now owns 8,142 shares of the company’s stock worth $772,000 after buying an additional 133 shares during the period. Corrado Advisors LLC raised its holdings in First Trust Water ETF by 1.2% during the fourth quarter. Corrado Advisors LLC now owns 11,282 shares of the company’s stock valued at $1,070,000 after acquiring an additional 138 shares during the period. White Pine Investment CO lifted its position in shares of First Trust Water ETF by 0.3% in the fourth quarter. White Pine Investment CO now owns 46,733 shares of the company’s stock valued at $4,430,000 after acquiring an additional 147 shares in the last quarter. Finally, Leelyn Smith LLC boosted its stake in shares of First Trust Water ETF by 2.5% in the third quarter. Leelyn Smith LLC now owns 6,204 shares of the company’s stock worth $513,000 after acquiring an additional 150 shares during the period.

First Trust Water ETF Stock Performance

FIW traded down $1.30 during trading on Tuesday, reaching $99.15. 29,174 shares of the company traded hands, compared to its average volume of 39,800. The firm has a fifty day simple moving average of $99.28 and a 200 day simple moving average of $92.75. First Trust Water ETF has a 12-month low of $77.11 and a 12-month high of $102.55. The company has a market cap of $1.60 billion, a P/E ratio of 31.25 and a beta of 0.97.

About First Trust Water ETF

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.