Stegent Equity Advisors Inc. Has $3.58 Million Holdings in First Trust Water ETF (NYSEARCA:FIW)

Stegent Equity Advisors Inc. lifted its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 179.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,750 shares of the company’s stock after buying an additional 24,224 shares during the period. First Trust Water ETF comprises approximately 4.2% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. Stegent Equity Advisors Inc. owned approximately 0.24% of First Trust Water ETF worth $3,579,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Provence Wealth Management Group acquired a new stake in First Trust Water ETF in the third quarter worth $28,000. Legacy Financial Group LLC acquired a new position in shares of First Trust Water ETF during the third quarter valued at about $37,000. AdvisorNet Financial Inc boosted its position in shares of First Trust Water ETF by 98.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,134 shares of the company’s stock valued at $108,000 after buying an additional 562 shares during the last quarter. Smithfield Trust Co boosted its holdings in First Trust Water ETF by 286.1% in the 3rd quarter. Smithfield Trust Co now owns 2,274 shares of the company’s stock worth $188,000 after buying an additional 1,685 shares during the period. Finally, Private Trust Co. NA raised its holdings in First Trust Water ETF by 13.7% during the 4th quarter. Private Trust Co. NA now owns 2,079 shares of the company’s stock valued at $197,000 after acquiring an additional 250 shares during the period.

First Trust Water ETF Trading Down 1.3 %

Shares of NYSEARCA FIW traded down $1.30 during mid-day trading on Tuesday, hitting $99.15. The company had a trading volume of 29,174 shares, compared to its average volume of 39,800. First Trust Water ETF has a 1 year low of $77.11 and a 1 year high of $102.55. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 31.25 and a beta of 0.97. The stock’s 50-day moving average price is $99.28 and its 200-day moving average price is $92.75.

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.