Mainsail Financial Group LLC Increases Position in First Trust Water ETF (NYSEARCA:FIW)

Mainsail Financial Group LLC grew its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 44,424 shares of the company’s stock after acquiring an additional 1,646 shares during the period. First Trust Water ETF makes up approximately 2.6% of Mainsail Financial Group LLC’s portfolio, making the stock its 14th largest holding. Mainsail Financial Group LLC’s holdings in First Trust Water ETF were worth $4,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FIW. Golden State Wealth Management LLC purchased a new stake in First Trust Water ETF during the 4th quarter valued at about $27,000. Values First Advisors Inc. bought a new position in shares of First Trust Water ETF in the third quarter worth approximately $52,000. Copley Financial Group Inc. purchased a new stake in shares of First Trust Water ETF during the third quarter valued at approximately $62,000. Heck Capital Advisors LLC bought a new stake in shares of First Trust Water ETF during the fourth quarter valued at approximately $112,000. Finally, TD Private Client Wealth LLC raised its holdings in First Trust Water ETF by 6.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,680 shares of the company’s stock worth $184,000 after acquiring an additional 99 shares during the last quarter.

First Trust Water ETF Trading Down 0.8 %

FIW stock opened at $104.60 on Friday. The stock’s 50 day simple moving average is $105.09 and its 200 day simple moving average is $106.19. First Trust Water ETF has a 12-month low of $93.70 and a 12-month high of $111.64. The stock has a market capitalization of $1.70 billion, a PE ratio of 33.23 and a beta of 0.99.

First Trust Water ETF Company 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.