Corrado Advisors LLC Boosts Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Corrado Advisors LLC lifted its holdings in First Trust Water ETF (NYSEARCA:FIW) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 11,282 shares of the company’s stock after purchasing an additional 138 shares during the quarter. Corrado Advisors LLC’s holdings in First Trust Water ETF were worth $1,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Provence Wealth Management Group purchased a new position in shares of First Trust Water ETF in the third quarter valued at $28,000. Legacy Financial Group LLC purchased a new position in First Trust Water ETF during the third quarter worth $37,000. Impact Partnership Wealth LLC purchased a new position in First Trust Water ETF during the third quarter worth $42,000. AdvisorNet Financial Inc boosted its stake in First Trust Water ETF by 98.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,134 shares of the company’s stock worth $108,000 after buying an additional 562 shares during the period. Finally, Smithfield Trust Co boosted its stake in First Trust Water ETF by 286.1% during the third quarter. Smithfield Trust Co now owns 2,274 shares of the company’s stock worth $188,000 after buying an additional 1,685 shares during the period.

First Trust Water ETF Price Performance

Shares of NYSEARCA:FIW traded up $1.90 on Tuesday, hitting $100.15. 32,946 shares of the company’s stock were exchanged, compared to its average volume of 40,430. The business’s 50 day simple moving average is $98.89 and its two-hundred day simple moving average is $92.15. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 31.25 and a beta of 0.97. First Trust Water ETF has a 12 month low of $77.11 and a 12 month high of $102.55.

About First Trust Water ETF

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.