Ipsen Advisor Group LLC Makes New $1.03 Million Investment in First Trust Water ETF (NYSEARCA:FIW)

Ipsen Advisor Group LLC bought a new position in shares of First Trust Water ETF (NYSEARCA:FIW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,105 shares of the company’s stock, valued at approximately $1,031,000. First Trust Water ETF comprises 0.9% of Ipsen Advisor Group LLC’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC lifted its position in First Trust Water ETF by 11.2% during the 4th quarter. LPL Financial LLC now owns 812,862 shares of the company’s stock worth $82,953,000 after buying an additional 82,173 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of First Trust Water ETF by 27.9% in the fourth quarter. TD Private Client Wealth LLC now owns 2,148 shares of the company’s stock worth $219,000 after acquiring an additional 468 shares during the last quarter. FreeGulliver LLC lifted its position in shares of First Trust Water ETF by 10.6% during the fourth quarter. FreeGulliver LLC now owns 7,567 shares of the company’s stock worth $772,000 after purchasing an additional 723 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of First Trust Water ETF by 4.2% during the fourth quarter. Tocqueville Asset Management L.P. now owns 12,580 shares of the company’s stock valued at $1,284,000 after purchasing an additional 510 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its holdings in shares of First Trust Water ETF by 11.1% in the fourth quarter. Cozad Asset Management Inc. now owns 16,250 shares of the company’s stock valued at $1,658,000 after purchasing an additional 1,628 shares in the last quarter.

First Trust Water ETF Price Performance

FIW stock opened at $101.50 on Wednesday. The stock has a market capitalization of $1.75 billion, a PE ratio of 26.28 and a beta of 1.04. The company has a 50 day moving average price of $103.86 and a 200 day moving average price of $105.73. First Trust Water ETF has a fifty-two week low of $96.29 and a fifty-two week high of $111.64.

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.