Acorn Wealth Advisors LLC Reduces Position in First Trust Water ETF (NYSEARCA:FIW)

Acorn Wealth Advisors LLC trimmed its position in First Trust Water ETF (NYSEARCA:FIW) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,583 shares of the company’s stock after selling 273 shares during the period. Acorn Wealth Advisors LLC’s holdings in First Trust Water ETF were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in First Trust Water ETF during the 4th quarter valued at about $27,000. Strategic Financial Concepts LLC acquired a new stake in shares of First Trust Water ETF during the fourth quarter worth about $31,000. Copley Financial Group Inc. purchased a new stake in First Trust Water ETF in the third quarter valued at approximately $62,000. Kestra Investment Management LLC acquired a new position in First Trust Water ETF in the 4th quarter worth approximately $80,000. Finally, Empowered Funds LLC acquired a new position in First Trust Water ETF in the 4th quarter worth approximately $93,000.

First Trust Water ETF Trading Up 0.1 %

Shares of NYSEARCA FIW opened at $103.14 on Tuesday. The company has a 50 day simple moving average of $103.96 and a two-hundred day simple moving average of $106.16. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99. First Trust Water ETF has a 12 month low of $96.29 and a 12 month 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.