Raymond James & Associates Cuts Stock Position in First Trust Water ETF (NYSEARCA:FIW)

Raymond James & Associates trimmed its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,815 shares of the company’s stock after selling 2,324 shares during the period. Raymond James & Associates’ holdings in First Trust Water ETF were worth $8,835,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FIW. LexAurum Advisors LLC lifted its holdings in First Trust Water ETF by 2.8% in the 3rd quarter. LexAurum Advisors LLC now owns 32,933 shares of the company’s stock valued at $3,601,000 after purchasing an additional 888 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of First Trust Water ETF by 2.1% in the third quarter. Global Retirement Partners LLC now owns 5,316 shares of the company’s stock worth $581,000 after buying an additional 111 shares in the last quarter. Proquility Private Wealth Partners LLC acquired a new position in First Trust Water ETF during the third quarter worth about $918,000. Prospect Financial Services LLC purchased a new stake in First Trust Water ETF during the 3rd quarter valued at about $292,000. Finally, Zhang Financial LLC acquired a new stake in First Trust Water ETF in the 3rd quarter valued at about $233,000.

First Trust Water ETF Stock Performance

NYSEARCA:FIW opened at $106.20 on Wednesday. The stock has a 50 day moving average price of $106.95 and a 200 day moving average price of $104.05. The stock has a market cap of $1.73 billion, a PE 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 $110.50.

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.