Raab & Moskowitz Asset Management LLC Sells 130 Shares of First Trust Water ETF (NYSEARCA:FIW)

Raab & Moskowitz Asset Management LLC lowered its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,906 shares of the company’s stock after selling 130 shares during the quarter. Raab & Moskowitz Asset Management LLC owned about 0.20% of First Trust Water ETF worth $3,358,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Apeiron RIA LLC raised its position in First Trust Water ETF by 1.5% during the fourth quarter. Apeiron RIA LLC now owns 6,540 shares of the company’s stock valued at $667,000 after purchasing an additional 96 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of First Trust Water ETF by 2.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,061 shares of the company’s stock valued at $516,000 after purchasing an additional 98 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of First Trust Water ETF by 6.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,680 shares of the company’s stock valued at $184,000 after purchasing an additional 99 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of First Trust Water ETF by 2.1% during the 3rd quarter. Global Retirement Partners LLC now owns 5,316 shares of the company’s stock worth $581,000 after buying an additional 111 shares in the last quarter. Finally, Prospect Financial Services LLC lifted its position in shares of First Trust Water ETF by 4.2% during the 4th quarter. Prospect Financial Services LLC now owns 2,783 shares of the company’s stock worth $284,000 after buying an additional 111 shares during the last quarter.

First Trust Water ETF Stock Down 1.4 %

NYSEARCA:FIW opened at $104.01 on Thursday. First Trust Water ETF has a twelve month low of $93.70 and a twelve month high of $111.64. The stock’s 50-day simple moving average is $104.77 and its 200 day simple moving average is $106.21. The firm has a market capitalization of $1.69 billion, a PE ratio of 33.23 and a beta of 0.99.

First Trust Water ETF Company 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.