Arax Advisory Partners Purchases New Shares in First Trust Water ETF $FIW

Arax Advisory Partners purchased a new stake in First Trust Water ETF (NYSEARCA:FIW) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 187,240 shares of the company’s stock, valued at approximately $20,342,000. Arax Advisory Partners owned about 1.08% of First Trust Water ETF as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of First Trust Water ETF by 64.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after buying an additional 98 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Water ETF in the fourth quarter valued at about $28,000. Evolution Wealth Management Inc. bought a new position in shares of First Trust Water ETF in the fourth quarter valued at about $32,000. Ameriflex Group Inc. raised its holdings in shares of First Trust Water ETF by 150.0% in the third quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after buying an additional 204 shares during the last quarter. Finally, Simplex Trading LLC bought a new position in shares of First Trust Water ETF in the fourth quarter valued at about $45,000.

First Trust Water ETF Stock Up 0.7%

First Trust Water ETF stock opened at $105.50 on Friday. The stock has a 50-day simple moving average of $105.00 and a 200 day simple moving average of $108.65. First Trust Water ETF has a 12-month low of $98.52 and a 12-month high of $116.30. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 24.17 and a beta of 1.01.

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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.