Modera Wealth Management LLC Lowers Stock Holdings in First Trust Water ETF (NYSEARCA:FIW)

Modera Wealth Management LLC lowered its position in First Trust Water ETF (NYSEARCA:FIW) by 18.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,190 shares of the company’s stock after selling 3,012 shares during the quarter. Modera Wealth Management LLC’s holdings in First Trust Water ETF were worth $1,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of First Trust Water ETF by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 34,522 shares of the company’s stock valued at $3,774,000 after buying an additional 6,835 shares during the last quarter. Allworth Financial LP increased its holdings in First Trust Water ETF by 48.7% in the 4th quarter. Allworth Financial LP now owns 1,139 shares of the company’s stock valued at $121,000 after acquiring an additional 373 shares during the last quarter. Jane Street Group LLC lifted its stake in First Trust Water ETF by 291.6% in the 3rd quarter. Jane Street Group LLC now owns 16,899 shares of the company’s stock worth $1,848,000 after purchasing an additional 12,584 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Water ETF by 88.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,114 shares of the company’s stock valued at $3,073,000 after purchasing an additional 14,162 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of First Trust Water ETF during the fourth quarter valued at about $31,000.

First Trust Water ETF Trading Down 0.8 %

Shares of FIW stock opened at $103.14 on Tuesday. The stock’s 50-day moving average price is $103.94 and its 200-day moving average price is $106.17. First Trust Water ETF has a 12-month low of $96.29 and a 12-month high of $111.64. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 25.44 and a beta of 1.04.

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.