First Trust Water ETF (NYSEARCA:FIW) is Stegent Equity Advisors Inc.’s 2nd Largest Position

Stegent Equity Advisors Inc. cut its stake in First Trust Water ETF (NYSEARCA:FIW) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,784 shares of the company’s stock after selling 1,610 shares during the quarter. First Trust Water ETF makes up approximately 4.8% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 2nd largest holding. Stegent Equity Advisors Inc. owned approximately 0.24% of First Trust Water ETF worth $4,350,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Mainsail Financial Group LLC raised its position in shares of First Trust Water ETF by 0.6% in the first quarter. Mainsail Financial Group LLC now owns 42,142 shares of the company’s stock valued at $4,303,000 after buying an additional 237 shares during the last quarter. &PARTNERS acquired a new stake in First Trust Water ETF in the 2nd quarter valued at about $270,000. CreativeOne Wealth LLC purchased a new position in First Trust Water ETF in the 1st quarter worth approximately $332,000. Sanctuary Advisors LLC acquired a new position in shares of First Trust Water ETF during the 2nd quarter worth approximately $1,181,000. Finally, PFG Advisors grew its position in shares of First Trust Water ETF by 2.0% in the first quarter. PFG Advisors now owns 9,935 shares of the company’s stock valued at $1,014,000 after purchasing an additional 197 shares in the last quarter.

First Trust Water ETF Price Performance

First Trust Water ETF stock traded up $0.11 during trading on Friday, reaching $109.02. 30,380 shares of the company were exchanged, compared to its average volume of 39,680. The stock’s 50 day simple moving average is $106.61 and its two-hundred day simple moving average is $103.70. The company has a market capitalization of $1.77 billion, a P/E ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a 52-week low of $77.11 and a 52-week high of $110.50.

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.