Morey & Quinn Wealth Partners LLC Makes New $1.33 Million Investment in First Trust Water ETF (NYSEARCA:FIW)

Morey & Quinn Wealth Partners LLC purchased a new stake in First Trust Water ETF (NYSEARCA:FIW) in the fourth quarter, Holdings Channel reports. The firm purchased 13,043 shares of the company’s stock, valued at approximately $1,331,000. First Trust Water ETF comprises about 1.1% of Morey & Quinn Wealth Partners LLC’s holdings, making the stock its 17th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in First Trust Water ETF during the fourth quarter worth about $27,000. Investors Research Corp lifted its holdings in shares of First Trust Water ETF by 116.8% in the 4th quarter. Investors Research Corp now owns 399 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in First Trust Water ETF during the 4th quarter valued at approximately $49,000. Copley Financial Group Inc. bought a new position in First Trust Water ETF during the 3rd quarter worth $62,000. Finally, Farther Finance Advisors LLC increased its position in First Trust Water ETF by 73.1% in the fourth quarter. Farther Finance Advisors LLC now owns 772 shares of the company’s stock worth $79,000 after buying an additional 326 shares during the period.

First Trust Water ETF Stock Performance

Shares of FIW opened at $101.50 on Wednesday. The firm has a fifty day moving average of $103.86 and a 200-day moving average of $105.73. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 26.28 and a beta of 1.04. First Trust Water ETF has a 1 year low of $96.29 and a 1 year high of $111.64.

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.