First Trust Water ETF (NYSEARCA:FIW) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 485,632 shares of the company’s stock after selling 5,485 shares during the quarter. Wells Fargo & Company MN’s holdings in First Trust Water ETF were worth $49,559,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Smith Moore & CO. increased its stake in shares of First Trust Water ETF by 4.1% in the fourth quarter. Smith Moore & CO. now owns 6,717 shares of the company’s stock worth $685,000 after buying an additional 266 shares during the last quarter. RFG Bristol Wealth Advisors LLC bought a new stake in First Trust Water ETF during the fourth quarter valued at $893,000. StoneX Group Inc. increased its stake in First Trust Water ETF by 2.6% during the fourth quarter. StoneX Group Inc. now owns 10,455 shares of the company’s stock valued at $1,069,000 after purchasing an additional 269 shares during the last quarter. National Bank of Canada FI increased its stake in First Trust Water ETF by 2.7% during the fourth quarter. National Bank of Canada FI now owns 37,889 shares of the company’s stock valued at $3,867,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Strategy Asset Managers LLC increased its stake in First Trust Water ETF by 3.2% during the fourth quarter. Strategy Asset Managers LLC now owns 25,770 shares of the company’s stock valued at $2,630,000 after purchasing an additional 796 shares during the last quarter.

First Trust Water ETF Price Performance

FIW stock opened at $96.72 on Thursday. The firm has a fifty day moving average price of $101.75 and a two-hundred day moving average price of $104.97. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 24.09 and a beta of 1.02. First Trust Water ETF has a 1-year low of $89.31 and a 1-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.