KFG Wealth Management LLC Raises Position in First Trust Water ETF (NYSEARCA:FIW)

KFG Wealth Management LLC grew its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 7.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,723 shares of the company’s stock after purchasing an additional 243 shares during the quarter. KFG Wealth Management LLC’s holdings in First Trust Water ETF were worth $372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIW. International Assets Investment Management LLC purchased a new stake in shares of First Trust Water ETF during the 4th quarter valued at $729,000. Cutter & CO Brokerage Inc. lifted its holdings in shares of First Trust Water ETF by 2.4% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 13,208 shares of the company’s stock valued at $1,252,000 after purchasing an additional 312 shares during the last quarter. Corrado Advisors LLC raised its stake in First Trust Water ETF by 1.2% in the 4th quarter. Corrado Advisors LLC now owns 11,282 shares of the company’s stock worth $1,070,000 after acquiring an additional 138 shares during the last quarter. Florin Court Capital LLP raised its stake in First Trust Water ETF by 16.5% in the 4th quarter. Florin Court Capital LLP now owns 30,300 shares of the company’s stock worth $2,872,000 after acquiring an additional 4,300 shares during the last quarter. Finally, TAP Consulting LLC raised its stake in First Trust Water ETF by 3.6% in the 4th quarter. TAP Consulting LLC now owns 13,996 shares of the company’s stock worth $1,327,000 after acquiring an additional 488 shares during the last quarter.

First Trust Water ETF Stock Performance

FIW stock traded down $0.04 during midday trading on Friday, reaching $105.10. The stock had a trading volume of 28,874 shares, compared to its average volume of 41,175. The stock has a market cap of $1.71 billion, a PE ratio of 33.23 and a beta of 0.99. The firm has a fifty day simple moving average of $102.47 and a two-hundred day simple moving average of $100.93. First Trust Water ETF has a 52-week low of $77.11 and a 52-week high of $108.69.

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.