Wedbush Securities Inc. Has $613,000 Stock Holdings in First Trust Water ETF (NYSEARCA:FIW)

Wedbush Securities Inc. lifted its holdings in First Trust Water ETF (NYSEARCA:FIW) by 16.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,136 shares of the company’s stock after buying an additional 855 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Water ETF were worth $613,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new stake in shares of First Trust Water ETF in the 1st quarter valued at $26,891,000. Stifel Financial Corp boosted its holdings in First Trust Water ETF by 71.8% in the fourth quarter. Stifel Financial Corp now owns 170,239 shares of the company’s stock valued at $16,139,000 after acquiring an additional 71,131 shares during the last quarter. Cetera Advisors LLC increased its position in First Trust Water ETF by 556.1% in the first quarter. Cetera Advisors LLC now owns 78,101 shares of the company’s stock worth $7,974,000 after purchasing an additional 66,197 shares during the period. Wells Fargo & Company MN raised its holdings in First Trust Water ETF by 15.8% during the 4th quarter. Wells Fargo & Company MN now owns 466,293 shares of the company’s stock worth $44,204,000 after purchasing an additional 63,528 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in First Trust Water ETF by 340.5% during the 2nd quarter. D.A. Davidson & CO. now owns 74,711 shares of the company’s stock valued at $7,470,000 after purchasing an additional 57,749 shares during the period.

First Trust Water ETF Price Performance

Shares of NYSEARCA:FIW opened at $103.95 on Friday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. The company has a 50 day moving average of $104.30 and a 200-day moving average of $102.15. First Trust Water ETF has a one year low of $77.11 and a one year high of $108.69.

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.