Mascoma Wealth Management LLC Lowers Stock Holdings in First Trust Water ETF $FIW

Mascoma Wealth Management LLC decreased its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 6.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,454 shares of the company’s stock after selling 844 shares during the period. Mascoma Wealth Management LLC’s holdings in First Trust Water ETF were worth $1,237,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC raised its position in First Trust Water ETF by 11.0% during the second quarter. Wealthcare Advisory Partners LLC now owns 47,072 shares of the company’s stock valued at $5,083,000 after purchasing an additional 4,653 shares in the last quarter. Ameritas Advisory Services LLC raised its position in First Trust Water ETF by 1.5% during the second quarter. Ameritas Advisory Services LLC now owns 119,704 shares of the company’s stock valued at $12,926,000 after purchasing an additional 1,722 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in First Trust Water ETF during the second quarter valued at about $205,000. PFG Investments LLC increased its holdings in shares of First Trust Water ETF by 4.3% in the second quarter. PFG Investments LLC now owns 5,701 shares of the company’s stock worth $616,000 after buying an additional 234 shares during the period. Finally, Mainsail Financial Group LLC increased its holdings in shares of First Trust Water ETF by 2.4% in the second quarter. Mainsail Financial Group LLC now owns 48,050 shares of the company’s stock worth $5,167,000 after buying an additional 1,141 shares during the period.

First Trust Water ETF Trading Up 0.5%

FIW opened at $113.81 on Friday. The company has a market cap of $1.96 billion, a P/E ratio of 24.17 and a beta of 1.01. The business’s 50-day moving average price is $112.19 and its 200-day moving average price is $106.79. First Trust Water ETF has a 12 month low of $89.31 and a 12 month high of $115.58.

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.