Acorn Wealth Advisors LLC Has $1.84 Million Stake in First Trust Water ETF (NYSEARCA:FIW)

Acorn Wealth Advisors LLC reduced its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,856 shares of the company’s stock after selling 131 shares during the period. First Trust Water ETF comprises about 0.8% of Acorn Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Acorn Wealth Advisors LLC’s holdings in First Trust Water ETF were worth $1,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of First Trust Water ETF in the second quarter valued at approximately $30,000. Strategic Financial Concepts LLC bought a new position in First Trust Water ETF in the second quarter valued at $32,000. Values First Advisors Inc. acquired a new stake in First Trust Water ETF in the 3rd quarter valued at $52,000. Larson Financial Group LLC lifted its position in First Trust Water ETF by 597.1% during 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 in the last quarter. Finally, Financial Perspectives Inc boosted its stake in shares of First Trust Water ETF by 21.2% during the 2nd quarter. Financial Perspectives Inc now owns 1,374 shares of the company’s stock worth $137,000 after buying an additional 240 shares during the last quarter.

First Trust Water ETF Trading Up 1.2 %

Shares of NYSEARCA FIW traded up $1.30 during mid-day trading on Monday, hitting $110.78. The company had a trading volume of 11,039 shares, compared to its average volume of 39,364. The firm has a 50-day simple moving average of $107.96 and a two-hundred day simple moving average of $105.08. The company has a market capitalization of $1.80 billion, a PE ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a one year low of $86.71 and a one year high of $111.64.

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.