Northwestern Mutual Wealth Management Co. Boosts Stock Position in First Trust Water ETF $FIW

Northwestern Mutual Wealth Management Co. increased its stake in First Trust Water ETF (NYSEARCA:FIW) by 61.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,991 shares of the company’s stock after buying an additional 22,492 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.34% of First Trust Water ETF worth $6,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cornerstone Wealth Management LLC grew its stake in shares of First Trust Water ETF by 8.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 18,644 shares of the company’s stock worth $2,025,000 after buying an additional 1,505 shares during the last quarter. Western Wealth Management LLC grew its stake in shares of First Trust Water ETF by 51.5% in the 4th quarter. Western Wealth Management LLC now owns 10,844 shares of the company’s stock worth $1,178,000 after buying an additional 3,685 shares during the last quarter. Stonebridge Financial Planning Group LLC grew its stake in shares of First Trust Water ETF by 3.0% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 18,153 shares of the company’s stock worth $1,972,000 after buying an additional 526 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of First Trust Water ETF by 4,103.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 111,109 shares of the company’s stock worth $12,071,000 after buying an additional 108,466 shares during the last quarter. Finally, World Investment Advisors grew its stake in shares of First Trust Water ETF by 29.5% in the 4th quarter. World Investment Advisors now owns 7,181 shares of the company’s stock worth $770,000 after buying an additional 1,637 shares during the last quarter.

First Trust Water ETF Stock Up 0.9%

First Trust Water ETF stock opened at $102.23 on Friday. The stock’s 50 day moving average is $104.76 and its 200 day moving average is $109.32. First Trust Water ETF has a twelve month low of $98.52 and a twelve month high of $116.30. The company has a market capitalization of $1.75 billion, a P/E ratio of 24.17 and a beta of 1.03.

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.