Jacobi Capital Management LLC Boosts Stake in First Trust Water ETF $FIW

Jacobi Capital Management LLC boosted its holdings in First Trust Water ETF (NYSEARCA:FIW) by 466.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,209 shares of the company’s stock after acquiring an additional 18,291 shares during the quarter. Jacobi Capital Management LLC owned about 0.13% of First Trust Water ETF worth $2,565,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Water ETF during the 3rd quarter worth $35,000. REAP Financial Group LLC grew its position in First Trust Water ETF by 9.9% during the third quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock worth $111,000 after buying an additional 89 shares during the period. Allworth Financial LP increased its holdings in First Trust Water ETF by 35.1% in the second quarter. Allworth Financial LP now owns 1,539 shares of the company’s stock valued at $166,000 after buying an additional 400 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in First Trust Water ETF by 14.2% in the second quarter. TD Waterhouse Canada Inc. now owns 1,605 shares of the company’s stock valued at $176,000 after buying an additional 200 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of First Trust Water ETF by 186.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,617 shares of the company’s stock valued at $182,000 after acquiring an additional 1,053 shares during the period.

First Trust Water ETF Price Performance

Shares of NYSEARCA:FIW opened at $112.22 on Wednesday. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05. The business’s 50 day simple moving average is $112.45 and its 200-day simple moving average is $112.30. First Trust Water ETF has a 12 month low of $89.31 and a 12 month high of $116.30.

First Trust Water ETF 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.