PNC Financial Services Group Inc. Lowers Holdings in First Trust Water ETF (NYSEARCA:FIW)

PNC Financial Services Group Inc. reduced its stake in First Trust Water ETF (NYSEARCA:FIW) by 59.0% during the fourth quarter, HoldingsChannel reports. The fund owned 2,318 shares of the company’s stock after selling 3,330 shares during the period. PNC Financial Services Group Inc.’s holdings in First Trust Water ETF were worth $220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in First Trust Water ETF in the 4th quarter valued at approximately $27,000. AdvisorNet Financial Inc increased its holdings in First Trust Water ETF by 98.3% in the 4th quarter. AdvisorNet Financial Inc now owns 1,134 shares of the company’s stock worth $108,000 after buying an additional 562 shares in the last quarter. Partnership Wealth Management LLC purchased a new position in First Trust Water ETF in the 4th quarter worth about $155,000. Private Trust Co. NA lifted its stake 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 acquiring an additional 250 shares during the period. Finally, Accel Wealth Management purchased a new stake in shares of First Trust Water ETF during the 4th quarter valued at about $208,000.

First Trust Water ETF Stock Up 0.4 %

FIW opened at $98.41 on Wednesday. First Trust Water ETF has a twelve month low of $77.11 and a twelve month high of $107.24. The firm has a 50 day moving average price of $102.39 and a 200-day moving average price of $98.54. The stock has a market capitalization of $1.60 billion, a price-to-earnings 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.