Sacks & Associates LLC Makes New Investment in First Trust Water ETF $FIW

Sacks & Associates LLC bought a new position in First Trust Water ETF (NYSEARCA:FIW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,073 shares of the company’s stock, valued at approximately $2,810,000. First Trust Water ETF accounts for approximately 2.0% of Sacks & Associates LLC’s holdings, making the stock its 18th biggest position. Sacks & Associates LLC owned about 0.17% of First Trust Water ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Modern Wealth Management LLC raised its holdings in shares of First Trust Water ETF by 15.9% in the 1st quarter. Modern Wealth Management LLC now owns 52,435 shares of the company’s stock worth $5,460,000 after purchasing an additional 7,205 shares during the period. Kestra Private Wealth Services LLC raised its holdings in First Trust Water ETF by 4.9% in the first quarter. Kestra Private Wealth Services LLC now owns 141,242 shares of the company’s stock valued at $14,566,000 after buying an additional 6,643 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in First Trust Water ETF by 16.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 64,351 shares of the company’s stock valued at $7,048,000 after buying an additional 9,037 shares during the period. Kestra Advisory Services LLC lifted its position in First Trust Water ETF by 14.0% during the first quarter. Kestra Advisory Services LLC now owns 75,084 shares of the company’s stock valued at $7,743,000 after buying an additional 9,248 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in First Trust Water ETF by 29.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 23,188 shares of the company’s stock worth $2,391,000 after buying an additional 5,325 shares during the period.

First Trust Water ETF Trading Up 0.5%

Shares of FIW stock opened at $105.09 on Friday. The company’s fifty day simple moving average is $108.21 and its 200-day simple moving average is $106.67. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30. The company has a market cap of $1.72 billion, a PE ratio of 24.17 and a beta of 0.99.

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.