Mainsail Financial Group LLC Boosts Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Mainsail Financial Group LLC increased its holdings in First Trust Water ETF (NYSEARCA:FIW) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,424 shares of the company’s stock after purchasing an additional 1,646 shares during the quarter. First Trust Water ETF makes up approximately 2.6% of Mainsail Financial Group LLC’s holdings, making the stock its 14th largest holding. Mainsail Financial Group LLC owned about 0.27% of First Trust Water ETF worth $4,533,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in shares of First Trust Water ETF during the 4th quarter valued at about $27,000. Strategic Financial Concepts LLC purchased a new stake in First Trust Water ETF in the fourth quarter worth about $31,000. Values First Advisors Inc. bought a new stake in First Trust Water ETF during the 3rd quarter valued at approximately $52,000. Copley Financial Group Inc. purchased a new position in shares of First Trust Water ETF during the 3rd quarter worth approximately $62,000. Finally, Heck Capital Advisors LLC bought a new position in shares of First Trust Water ETF in the 4th quarter worth approximately $112,000.

First Trust Water ETF Stock Down 0.8 %

FIW opened at $104.60 on Friday. First Trust Water ETF has a 52 week low of $93.70 and a 52 week high of $111.64. The stock has a market cap of $1.70 billion, a PE ratio of 33.23 and a beta of 0.99. The business has a 50 day moving average of $105.09 and a 200-day moving average of $106.19.

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.