Royal Bank of Canada Has $17.77 Million Stock Holdings in First Trust Water ETF $FIW

Royal Bank of Canada cut its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 8.4% during the first quarter, Holdings Channel reports. The institutional investor owned 172,338 shares of the company’s stock after selling 15,771 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Water ETF were worth $17,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in First Trust Water ETF by 64.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after acquiring an additional 98 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of First Trust Water ETF during the 4th quarter worth approximately $28,000. Evolution Wealth Management Inc. acquired a new stake in shares of First Trust Water ETF during the 4th quarter worth approximately $32,000. Assetmark Inc. increased its position in shares of First Trust Water ETF by 88.0% during the first quarter. Assetmark Inc. now owns 344 shares of the company’s stock valued at $35,000 after purchasing an additional 161 shares during the period. Finally, Simplex Trading LLC bought a new stake in shares of First Trust Water ETF during the fourth quarter valued at approximately $45,000.

First Trust Water ETF Trading Down 0.4%

Shares of NYSEARCA FIW opened at $112.72 on Friday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a one year low of $98.52 and a one year high of $116.30. The business has a fifty day simple moving average of $107.36 and a 200 day simple moving average of $107.81.

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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.