Miracle Mile Advisors LLC Boosts Stake in First Trust Water ETF (NYSEARCA:FIW)

Miracle Mile Advisors LLC grew its holdings in shares of First Trust Water ETF (NYSEARCA:FIW) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,407 shares of the company’s stock after acquiring an additional 246 shares during the period. Miracle Mile Advisors LLC’s holdings in First Trust Water ETF were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in First Trust Water ETF by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 186,040 shares of the company’s stock valued at $18,600,000 after acquiring an additional 1,803 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of First Trust Water ETF by 29.6% in the 3rd quarter. SRS Capital Advisors Inc. now owns 168,604 shares of the company’s stock valued at $18,433,000 after purchasing an additional 38,490 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Water ETF by 2.7% during the second quarter. Cetera Investment Advisers now owns 113,138 shares of the company’s stock worth $11,312,000 after purchasing an additional 3,015 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in shares of First Trust Water ETF by 164.7% during the third quarter. Ameritas Advisory Services LLC now owns 72,186 shares of the company’s stock worth $7,892,000 after purchasing an additional 44,910 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in First Trust Water ETF by 20.2% in the third quarter. MML Investors Services LLC now owns 54,679 shares of the company’s stock worth $5,978,000 after purchasing an additional 9,185 shares in the last quarter.

First Trust Water ETF Stock Up 1.1 %

Shares of NYSEARCA FIW opened at $104.88 on Friday. The stock’s 50 day moving average price is $106.08 and its two-hundred day moving average price is $105.73. First Trust Water ETF has a 52-week low of $90.63 and a 52-week high of $111.64. The stock has a market capitalization of $1.70 billion, a P/E ratio of 33.23 and a beta of 0.99.

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.