Mascoma Wealth Management LLC Boosts Stock Holdings in First Trust Water ETF (NYSEARCA:FIW)

Mascoma Wealth Management LLC increased its position in First Trust Water ETF (NYSEARCA:FIW) by 17.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,290 shares of the company’s stock after acquiring an additional 2,579 shares during the period. First Trust Water ETF comprises approximately 0.5% of Mascoma Wealth Management LLC’s holdings, making the stock its 27th largest position. Mascoma Wealth Management LLC owned approximately 0.11% of First Trust Water ETF worth $1,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FIW. Cetera Advisors LLC raised its stake in First Trust Water ETF by 556.1% during the 1st quarter. Cetera Advisors LLC now owns 78,101 shares of the company’s stock valued at $7,974,000 after buying an additional 66,197 shares during the last quarter. LPL Financial LLC grew its stake in shares of First Trust Water ETF by 9.5% during the 2nd quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock valued at $69,448,000 after purchasing an additional 59,991 shares during the period. D.A. Davidson & CO. increased its position in shares of First Trust Water ETF by 340.5% during the 2nd quarter. D.A. Davidson & CO. now owns 74,711 shares of the company’s stock valued at $7,470,000 after purchasing an additional 57,749 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust Water ETF by 68.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 140,524 shares of the company’s stock worth $14,050,000 after buying an additional 57,253 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in First Trust Water ETF by 164.7% during the third quarter. Ameritas Advisory Services LLC now owns 72,186 shares of the company’s stock valued at $7,892,000 after buying an additional 44,910 shares during the period.

First Trust Water ETF Price Performance

Shares of First Trust Water ETF stock opened at $110.16 on Tuesday. First Trust Water ETF has a 1-year low of $82.22 and a 1-year high of $111.64. The company’s fifty day simple moving average is $107.18 and its 200-day simple moving average is $104.67. The stock has a market capitalization of $1.79 billion, a PE ratio of 33.23 and a beta of 0.99.

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.