Riggs Asset Managment Co. Inc. Decreases Holdings in First Trust Water ETF (NYSEARCA:FIW)

Riggs Asset Managment Co. Inc. reduced its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 67.9% during the third quarter, Holdings Channel reports. The fund owned 494 shares of the company’s stock after selling 1,045 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in First Trust Water ETF were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FIW. Rothschild Investment LLC purchased a new stake in First Trust Water ETF during the 2nd quarter valued at about $30,000. Strategic Financial Concepts LLC bought a new stake in First Trust Water ETF during the 2nd quarter valued at about $32,000. Values First Advisors Inc. purchased a new stake in First Trust Water ETF during the 3rd quarter valued at $52,000. Larson Financial Group LLC raised its position in First Trust Water ETF by 597.1% in the 2nd quarter. Larson Financial Group LLC now owns 1,185 shares of the company’s stock worth $119,000 after buying an additional 1,015 shares during the last quarter. Finally, Financial Perspectives Inc raised its stake in First Trust Water ETF by 21.2% during the 2nd quarter. Financial Perspectives Inc now owns 1,374 shares of the company’s stock valued at $137,000 after buying an additional 240 shares during the last quarter.

First Trust Water ETF Price Performance

Shares of First Trust Water ETF stock opened at $105.94 on Monday. The stock has a market capitalization of $1.72 billion, a PE ratio of 33.23 and a beta of 0.99. The company’s fifty day simple moving average is $106.92 and its 200-day simple moving average is $103.91. First Trust Water ETF has a 1-year low of $77.11 and a 1-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.