Main Street Financial Solutions LLC Decreases Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Main Street Financial Solutions LLC lowered its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 5.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,251 shares of the company’s stock after selling 121 shares during the period. Main Street Financial Solutions LLC’s holdings in First Trust Water ETF were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FIW. Eagle Strategies LLC acquired a new position in shares of First Trust Water ETF in the 2nd quarter valued at approximately $1,087,000. LPL Financial LLC raised its holdings in First Trust Water ETF by 9.5% in the second quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock valued at $69,448,000 after acquiring an additional 59,991 shares in the last quarter. Wedbush Securities Inc. boosted its stake in First Trust Water ETF by 16.2% during the 2nd quarter. Wedbush Securities Inc. now owns 6,136 shares of the company’s stock valued at $613,000 after acquiring an additional 855 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in First Trust Water ETF by 1.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 8,366 shares of the company’s stock worth $836,000 after acquiring an additional 107 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of First Trust Water ETF in the 2nd quarter valued at about $32,000.

First Trust Water ETF Stock Performance

NYSEARCA:FIW opened at $105.28 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a one year low of $77.11 and a one year high of $108.69. The stock has a 50-day simple moving average of $104.43 and a 200 day simple moving average of $102.24.

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.