Synergy Asset Management LLC Invests $205,000 in First Trust Water ETF $FIW

Synergy Asset Management LLC acquired a new position in First Trust Water ETF (NYSEARCA:FIW) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,901 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in First Trust Water ETF by 67.5% in the first quarter. Janney Montgomery Scott LLC now owns 50,454 shares of the company’s stock worth $5,081,000 after buying an additional 20,340 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Water ETF by 5.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,593 shares of the company’s stock valued at $765,000 after acquiring an additional 373 shares during the period. HighTower Advisors LLC increased its holdings in First Trust Water ETF by 6.6% in the 1st quarter. HighTower Advisors LLC now owns 25,998 shares of the company’s stock worth $2,618,000 after acquiring an additional 1,602 shares in the last quarter. KWB Wealth purchased a new stake in First Trust Water ETF in the 2nd quarter worth approximately $255,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in First Trust Water ETF by 227.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,146 shares of the company’s stock worth $1,035,000 after acquiring an additional 7,048 shares during the period.

First Trust Water ETF Price Performance

FIW opened at $113.81 on Friday. The company has a 50 day simple moving average of $112.19 and a two-hundred day simple moving average of $106.76. The firm has a market cap of $1.96 billion, a P/E ratio of 24.17 and a beta of 1.01. First Trust Water ETF has a 1-year low of $89.31 and a 1-year high of $115.58.

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.