Gladstone Institutional Advisory’s First Trust Water ETF FIW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-2,165	Closed	-$243K	–	814
2025 Q3	$243K	Sell	2,165 -1,735	-44%	-$193K	0.01%	707
2025 Q2	$421K	Sell	3,900 -285	-7%	-$29.3K	0.02%	540
2025 Q1	$421K	Sell	4,185 -31,009	-88%	-$3.2M	0.02%	507
2024 Q4	$3.59M	Sell	35,194 -4,124	-10%	-$444K	0.17%	143
2024 Q3	$4.3M	Sell	39,318 -2,564	-6%	-$268K	0.21%	118
2024 Q2	$4.19M	Sell	41,882 -1,130	-3%	-$115K	0.22%	123
2024 Q1	$4.39M	Sell	43,012 -1,833	-4%	-$176K	0.24%	111
2023 Q4	$4.25M	Sell	44,845 -2,635	-6%	-$226K	0.24%	113
2023 Q3	$3.93M	Buy	47,480 +1,137	+2%	+$100K	0.25%	101
2023 Q2	$4.1M	Buy	46,343 +34,002	+276%	+$2.85M	0.25%	106
2023 Q1	$1.03M	Sell	12,341 -45,887	-79%	-$3.8M	0.07%	278
2022 Q4	$4.62M	Buy	58,228 +234	+0.4%	+$18.5K	0.33%	82
2022 Q3	$4.16M	Buy	57,994 +13,833	+31%	+$1.08M	0.33%	79
2022 Q2	$3.18M	Sell	44,161 -149	-0.3%	-$11.4K	0.25%	97
2022 Q1	$3.73M	Sell	44,310 -19,547	-31%	-$1.63M	0.25%	107
2021 Q4	$6.05M	Buy	63,857 +2,302	+4%	+$209K	0.47%	48
2021 Q3	$5.24M	Buy	61,555 +53,559	+670%	+$4.69M	0.51%	44
2021 Q2	$668K	Buy	7,996 +1,785	+29%	+$147K	0.08%	244
2021 Q1	$486K	Buy	+6,211	New	+$472K	0.08%	238
2020 Q2	–	Sell	-4,401	Closed	-$210K	–	266
2020 Q1	$210K	Buy	+4,401	New	+$252K	0.05%	248