Mercer Global Advisors Inc. ADV Buys New Stake in First Trust Water ETF (NYSEARCA:FIW)

Mercer Global Advisors Inc. ADV bought a new stake in First Trust Water ETF (NYSEARCA:FIW) during the second quarter, HoldingsChannel reports. The institutional investor bought 2,197 shares of the company’s stock, valued at approximately $219,000.

Other large investors also recently made changes to their positions in the company. Mainsail Financial Group LLC increased its holdings in First Trust Water ETF by 0.6% in the 1st quarter. Mainsail Financial Group LLC now owns 42,142 shares of the company’s stock valued at $4,303,000 after purchasing an additional 237 shares in the last quarter. &PARTNERS bought a new position in shares of First Trust Water ETF during the second quarter worth about $270,000. Focus Financial Network Inc. ADV bought a new position in shares of First Trust Water ETF during the fourth quarter worth about $289,000. CreativeOne Wealth LLC bought a new position in First Trust Water ETF in the first quarter worth about $332,000. Finally, Stifel Financial Corp lifted 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 worth $16,139,000 after acquiring an additional 71,131 shares during the last quarter.

First Trust Water ETF Trading Up 0.3 %

FIW opened at $109.33 on Tuesday. The business’s 50 day moving average is $105.50 and its 200-day moving average is $102.89. The stock has a market cap of $1.78 billion, a PE ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a twelve month low of $77.11 and a twelve month high of $109.90.

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.