Mascoma Wealth Management LLC Has $620,000 Stock Position in First Trust Water ETF $FIW

Mascoma Wealth Management LLC cut its position in First Trust Water ETF (NYSEARCA:FIW) by 47.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,009 shares of the company’s stock after selling 5,465 shares during the quarter. Mascoma Wealth Management LLC’s holdings in First Trust Water ETF were worth $620,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIW. O Shaughnessy Asset Management LLC lifted its stake in 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 acquiring an additional 98 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of First Trust Water ETF during the 4th quarter worth about $28,000. Evolution Wealth Management Inc. bought a new stake in shares of First Trust Water ETF in the 4th quarter valued at about $32,000. Simplex Trading LLC bought a new stake in shares of First Trust Water ETF in the 4th quarter valued at about $45,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in First Trust Water ETF in the 4th quarter valued at about $53,000.

First Trust Water ETF Stock Performance

First Trust Water ETF stock traded up $0.84 during midday trading on Friday, reaching $107.93. 26,412 shares of the company’s stock were exchanged, compared to its average volume of 58,212. The stock’s 50-day simple moving average is $105.22 and its 200 day simple moving average is $108.20. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30.

About First Trust Water ETF

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.