Miracle Mile Advisors LLC Invests $236,000 in First Trust Water ETF (NYSEARCA:FIW)

Miracle Mile Advisors LLC purchased a new position in First Trust Water ETF (NYSEARCA:FIW) in the third quarter, Holdings Channel reports. The fund purchased 2,161 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds have also made changes to their positions in the company. Mainsail Financial Group LLC lifted 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 worth $4,303,000 after purchasing an additional 237 shares in the last quarter. &PARTNERS bought a new position in First Trust Water ETF during the second quarter valued at approximately $270,000. CreativeOne Wealth LLC bought a new position in First Trust Water ETF during the first quarter valued at approximately $332,000. PFG Advisors raised its position in First Trust Water ETF by 2.0% during the first quarter. PFG Advisors now owns 9,935 shares of the company’s stock valued at $1,014,000 after acquiring an additional 197 shares in the last quarter. Finally, Western Wealth Management LLC raised its position in First Trust Water ETF by 6.1% during the second quarter. Western Wealth Management LLC now owns 7,579 shares of the company’s stock valued at $758,000 after acquiring an additional 437 shares in the last quarter.

First Trust Water ETF Stock Performance

Shares of FIW opened at $108.16 on Thursday. The firm has a market cap of $1.76 billion, a PE ratio of 33.23 and a beta of 0.99. The firm’s 50 day moving average price is $105.86 and its 200 day moving average price is $103.29. 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.