Beck Bode LLC Cuts Holdings in First Trust Water ETF (NYSEARCA:FIW)

Beck Bode LLC reduced its stake in First Trust Water ETF (NYSEARCA:FIW) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,089 shares of the company’s stock after selling 287 shares during the period. Beck Bode LLC’s holdings in First Trust Water ETF were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of FIW. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Water ETF by 2.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 273,544 shares of the company’s stock worth $22,636,000 after buying an additional 6,123 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in First Trust Water ETF by 2.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 84,987 shares of the company’s stock valued at $7,033,000 after buying an additional 2,110 shares in the last quarter. Raymond James & Associates lifted its stake in First Trust Water ETF by 1.1% during the third quarter. Raymond James & Associates now owns 91,160 shares of the company’s stock worth $7,543,000 after purchasing an additional 970 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust Water ETF by 0.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 130,041 shares of the company’s stock worth $10,761,000 after buying an additional 877 shares during the last quarter. Finally, Legacy Financial Group LLC acquired a new position in First Trust Water ETF in the third quarter valued at $37,000.

First Trust Water ETF Price Performance

Shares of FIW remained flat at $99.10 during mid-day trading on Wednesday. 5,621 shares of the stock were exchanged, compared to its average volume of 39,448. The stock has a market cap of $1.60 billion, a PE ratio of 31.25 and a beta of 0.97. The stock’s 50-day simple moving average is $99.33 and its two-hundred day simple moving average is $92.87. First Trust Water ETF has a twelve month low of $77.11 and a twelve month high of $102.55.

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.