Gladstone Institutional Advisory LLC Sells 4,124 Shares of First Trust Water ETF (NYSEARCA:FIW)

Gladstone Institutional Advisory LLC reduced its position in First Trust Water ETF (NYSEARCA:FIW) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,194 shares of the company’s stock after selling 4,124 shares during the period. Gladstone Institutional Advisory LLC owned 0.22% of First Trust Water ETF worth $3,592,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIW. Kestra Private Wealth Services LLC lifted its position in First Trust Water ETF by 8.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 66,723 shares of the company’s stock valued at $6,809,000 after purchasing an additional 5,205 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of First Trust Water ETF during the 4th quarter valued at about $93,000. Kingsview Wealth Management LLC lifted its holdings in shares of First Trust Water ETF by 2.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,061 shares of the company’s stock valued at $516,000 after acquiring an additional 98 shares during the last quarter. Mainsail Financial Group LLC grew its position in First Trust Water ETF by 3.8% in the fourth quarter. Mainsail Financial Group LLC now owns 44,424 shares of the company’s stock worth $4,533,000 after acquiring an additional 1,646 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in First Trust Water ETF during the fourth quarter worth approximately $27,000.

First Trust Water ETF Price Performance

Shares of FIW stock opened at $104.01 on Thursday. The company has a market cap of $1.69 billion, a PE ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a 1 year low of $93.70 and a 1 year high of $111.64. The stock’s 50 day simple moving average is $104.77 and its two-hundred day simple moving average is $106.21.

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.