LPL Financial LLC Buys 82,173 Shares of First Trust Water ETF (NYSEARCA:FIW)

LPL Financial LLC lifted its position in First Trust Water ETF (NYSEARCA:FIW) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 812,862 shares of the company’s stock after purchasing an additional 82,173 shares during the quarter. LPL Financial LLC owned about 5.00% of First Trust Water ETF worth $82,953,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FIW. JPMorgan Chase & Co. lifted its position in First Trust Water ETF by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 34,522 shares of the company’s stock valued at $3,774,000 after purchasing an additional 6,835 shares during the last quarter. Allworth Financial LP raised its position in shares of First Trust Water ETF by 48.7% during the 4th quarter. Allworth Financial LP now owns 1,139 shares of the company’s stock valued at $121,000 after buying an additional 373 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of First Trust Water ETF by 291.6% in the 3rd quarter. Jane Street Group LLC now owns 16,899 shares of the company’s stock valued at $1,848,000 after acquiring an additional 12,584 shares during the last quarter. Janney Montgomery Scott LLC grew its position in First Trust Water ETF by 88.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,114 shares of the company’s stock worth $3,073,000 after acquiring an additional 14,162 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in First Trust Water ETF during the fourth quarter worth approximately $31,000.

First Trust Water ETF Price Performance

Shares of FIW stock opened at $101.50 on Wednesday. The company has a market cap of $1.75 billion, a PE ratio of 26.28 and a beta of 1.04. The stock’s 50 day simple moving average is $103.86 and its two-hundred day simple moving average is $105.73. First Trust Water ETF has a 1 year low of $96.29 and a 1 year high of $111.64.

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.