Oder Investment Management LLC Trims Position in First Trust Water ETF (NYSEARCA:FIW)

Oder Investment Management LLC lessened its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,869 shares of the company’s stock after selling 1,289 shares during the quarter. Oder Investment Management LLC owned 0.06% of First Trust Water ETF worth $936,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Provence Wealth Management Group bought a new stake in First Trust Water ETF during the third quarter valued at about $28,000. Legacy Financial Group LLC bought a new stake in First Trust Water ETF during the third quarter valued at about $37,000. AdvisorNet Financial Inc grew its holdings in First Trust Water ETF by 98.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,134 shares of the company’s stock valued at $108,000 after purchasing an additional 562 shares during the period. Smithfield Trust Co grew its holdings in First Trust Water ETF by 286.1% during the third quarter. Smithfield Trust Co now owns 2,274 shares of the company’s stock valued at $188,000 after purchasing an additional 1,685 shares during the period. Finally, Private Trust Co. NA grew its holdings in First Trust Water ETF by 13.7% during the fourth quarter. Private Trust Co. NA now owns 2,079 shares of the company’s stock valued at $197,000 after purchasing an additional 250 shares during the period.

First Trust Water ETF Trading Up 0.4 %

Shares of NYSEARCA:FIW traded up $0.37 during mid-day trading on Wednesday, reaching $99.47. The stock had a trading volume of 65,085 shares, compared to its average volume of 39,512. The company has a market cap of $1.61 billion, a P/E ratio of 31.25 and a beta of 0.97. First Trust Water ETF has a 1 year low of $77.11 and a 1 year high of $102.55. The business’s 50 day moving average price is $99.33 and its 200 day moving average price is $92.87.

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.