SCHEDULE 13G/A: First Trust Entities Update Passive Stake in Select Water Solutions, Inc.

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have filed an amended Schedule 13G, reporting a combined passive beneficial ownership of 0.39% in Select Water Solutions, Inc. as of March 31, 2025.

Summary

• The filing is an Amendment No. 1 to Schedule 13G for Select Water Solutions, Inc. (Class A) common stock.
• The reporting persons are First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation.
• As of March 31, 2025, the aggregate amount beneficially owned by the reporting persons is 400,010 shares.
• This represents 0.39% of the Class A common stock of Select Water Solutions, Inc.
• First Trust Portfolios L.P. has shared dispositive power over 19,719 shares.
• First Trust Advisors L.P. and The Charger Corporation each have shared voting power over 380,291 shares and shared dispositive power over 400,010 shares.
• The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P.
• The shares are held through unit investment trusts sponsored by First Trust Portfolios L.P. and other registered investment companies, pooled investment vehicles, and/or separately managed accounts where First Trust Advisors L.P. serves as investment advisor/sub-advisor.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) disclosing passive beneficial ownership, and as such, it does not convey positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The filing is a routine compliance update, indicating standard institutional investment activity.
• The continued holding of shares by First Trust entities, a significant investment group, suggests their inclusion of Select Water Solutions, Inc. in their investment portfolios.

Management Comments

• James M. Dykas, Chief Financial Officer of First Trust Portfolios L.P. and First Trust Advisors L.P., and Chief Financial Officer and Treasurer of The Charger Corporation, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Stakeholder Impact

• Shareholders are informed of the passive ownership stake held by First Trust entities, providing transparency regarding institutional holdings.

Key Dates

Keywords

Select Water Solutions Inc., SWX, First Trust Portfolios L.P., First Trust Advisors L.P., The Charger Corporation, Schedule 13G, beneficial ownership, passive investment, SEC filing, Class A Common Stock