Investors Research Corp Boosts Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Investors Research Corp lifted its holdings in First Trust Water ETF (NYSEARCA:FIW) by 116.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 399 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Investors Research Corp’s holdings in First Trust Water ETF were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIW. Raymond James Financial Inc. purchased a new position in shares of First Trust Water ETF in the fourth quarter valued at $18,988,000. SRS Capital Advisors Inc. grew its holdings in shares of First Trust Water ETF by 29.6% in the third quarter. SRS Capital Advisors Inc. now owns 168,604 shares of the company’s stock valued at $18,433,000 after purchasing an additional 38,490 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of First Trust Water ETF in the third quarter valued at $4,063,000. Strategic Financial Concepts LLC purchased a new position in shares of First Trust Water ETF in the fourth quarter valued at $31,000. Finally, Strategy Asset Managers LLC purchased a new position in shares of First Trust Water ETF in the third quarter valued at $2,730,000.

First Trust Water ETF Stock Performance

FIW stock opened at $103.29 on Tuesday. The firm has a fifty day moving average price of $103.94 and a 200 day moving average price of $106.07. First Trust Water ETF has a fifty-two week low of $96.29 and a fifty-two week high of $111.64. The firm has a market cap of $1.78 billion, a PE ratio of 25.44 and a beta of 1.04.

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.