Prospect Financial Services LLC Has $228,000 Stock Holdings in First Trust Water ETF $FIW

Prospect Financial Services LLC reduced its position in First Trust Water ETF (NYSEARCA:FIW) by 38.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,111 shares of the company’s stock after selling 1,345 shares during the period. Prospect Financial Services LLC’s holdings in First Trust Water ETF were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC increased its position in First Trust Water ETF by 3.9% during the first quarter. LPL Financial LLC now owns 844,947 shares of the company’s stock worth $85,095,000 after buying an additional 32,085 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of First Trust Water ETF during the 1st quarter worth approximately $43,319,000. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Water ETF by 5.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 315,981 shares of the company’s stock worth $31,822,000 after acquiring an additional 17,539 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust Water ETF by 22.3% during the 1st quarter. Raymond James Financial Inc. now owns 227,482 shares of the company’s stock worth $22,910,000 after acquiring an additional 41,417 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in First Trust Water ETF by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 199,163 shares of the company’s stock valued at $21,506,000 after acquiring an additional 8,110 shares during the period.

First Trust Water ETF Price Performance

Shares of First Trust Water ETF stock opened at $111.45 on Friday. The business has a fifty day simple moving average of $112.64 and a two-hundred day simple moving average of $109.83. First Trust Water ETF has a 1 year low of $89.31 and a 1 year high of $116.16. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05.

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.