Mascoma Wealth Management LLC Sells 5,465 Shares of First Trust Water ETF $FIW

Mascoma Wealth Management LLC reduced its stake in First Trust Water ETF (NYSEARCA:FIW) by 47.6% during the 1st quarter, Holdings Channel reports. The fund owned 6,009 shares of the company’s stock after selling 5,465 shares during the period. Mascoma Wealth Management LLC’s holdings in First Trust Water ETF were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FIW. O Shaughnessy Asset Management LLC grew its position in shares of First Trust Water ETF by 64.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after purchasing an additional 98 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in First Trust Water ETF during the 4th quarter worth approximately $28,000. Evolution Wealth Management Inc. bought a new stake in First Trust Water ETF in the 4th quarter valued at $32,000. Simplex Trading LLC bought a new stake in First Trust Water ETF in the 4th quarter valued at $45,000. Finally, Atlas Capital Advisors Inc. acquired a new position in First Trust Water ETF in the 4th quarter valued at $53,000.

First Trust Water ETF Trading Up 0.8%

FIW stock traded up $0.84 during trading hours on Friday, hitting $107.93. 26,412 shares of the stock were exchanged, compared to its average volume of 58,212. The firm has a market capitalization of $1.83 billion, a P/E ratio of 24.17 and a beta of 0.99. The company has a 50-day simple moving average of $105.22 and a two-hundred day simple moving average of $108.20. First Trust Water ETF has a 12 month low of $98.52 and a 12 month high of $116.30.

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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.