Brown Advisory Inc. Raises Stock Holdings in First Trust Water ETF (NYSEARCA:FIW)

Brown Advisory Inc. increased its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,666 shares of the company’s stock after purchasing an additional 320 shares during the quarter. Brown Advisory Inc.’s holdings in First Trust Water ETF were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FIW. Provence Wealth Management Group acquired a new position in First Trust Water ETF during the 3rd quarter valued at about $28,000. AdvisorNet Financial Inc increased its position in First Trust Water ETF by 98.3% during the 4th quarter. AdvisorNet Financial Inc now owns 1,134 shares of the company’s stock valued at $108,000 after buying an additional 562 shares in the last quarter. Partnership Wealth Management LLC acquired a new position in First Trust Water ETF during the 4th quarter valued at about $155,000. Smithfield Trust Co increased its position in First Trust Water ETF by 286.1% during the 3rd quarter. Smithfield Trust Co now owns 2,274 shares of the company’s stock valued at $188,000 after buying an additional 1,685 shares in the last quarter. Finally, Private Trust Co. NA increased its position in First Trust Water ETF by 13.7% during the 4th quarter. Private Trust Co. NA now owns 2,079 shares of the company’s stock valued at $197,000 after buying an additional 250 shares in the last quarter.

First Trust Water ETF Price Performance

Shares of NYSEARCA:FIW opened at $105.27 on Monday. The business’s 50-day moving average is $101.72 and its 200 day moving average is $96.02. First Trust Water ETF has a 1 year low of $77.11 and a 1 year high of $107.24. The firm has a market capitalization of $1.71 billion, a P/E ratio of 33.23 and a beta of 0.99.

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.