Kestra Investment Management LLC Purchases Shares of 785 First Trust Water ETF (NYSEARCA:FIW)

Kestra Investment Management LLC acquired a new stake in First Trust Water ETF (NYSEARCA:FIW) during the fourth quarter, Holdings Channel.com reports. The fund acquired 785 shares of the company’s stock, valued at approximately $80,000.

Other hedge funds have also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its holdings in shares of First Trust Water ETF by 29.6% in the 3rd quarter. SRS Capital Advisors Inc. now owns 168,604 shares of the company’s stock worth $18,433,000 after acquiring an additional 38,490 shares during the last quarter. Truist Financial Corp increased its holdings in First Trust Water ETF by 8.4% during the 4th quarter. Truist Financial Corp now owns 105,799 shares of the company’s stock worth $10,797,000 after purchasing an additional 8,240 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in shares of First Trust Water ETF by 28.2% in the fourth quarter. Ameritas Advisory Services LLC now owns 92,560 shares of the company’s stock worth $9,446,000 after purchasing an additional 20,374 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of First Trust Water ETF by 8.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 66,723 shares of the company’s stock valued at $6,809,000 after purchasing an additional 5,205 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in shares of First Trust Water ETF by 20.2% during the third quarter. MML Investors Services LLC now owns 54,679 shares of the company’s stock valued at $5,978,000 after buying an additional 9,185 shares during the last quarter.

First Trust Water ETF Trading Down 1.2 %

Shares of First Trust Water ETF stock opened at $103.05 on Friday. The stock has a fifty day simple moving average of $104.05 and a 200 day simple moving average of $106.11. First Trust Water ETF has a 12-month low of $96.10 and a 12-month high of $111.64. The company has a market capitalization of $1.67 billion, a P/E ratio of 33.23 and a beta of 0.99.

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.