Modera Wealth Management LLC Sells 3,012 Shares of First Trust Water ETF (NYSEARCA:FIW)

Modera Wealth Management LLC trimmed its position in shares of First Trust Water ETF (NYSEARCA:FIW) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,190 shares of the company’s stock after selling 3,012 shares during the period. Modera Wealth Management LLC owned about 0.08% of First Trust Water ETF worth $1,346,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FIW. Creative Planning lifted its holdings in First Trust Water ETF by 2.6% in the 3rd quarter. Creative Planning now owns 5,781 shares of the company’s stock worth $632,000 after buying an additional 149 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of 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 acquiring an additional 44,910 shares in the last quarter. Trinity Legacy Partners LLC boosted its holdings in First Trust Water ETF by 11.6% in the third quarter. Trinity Legacy Partners LLC now owns 6,711 shares of the company’s stock valued at $735,000 after acquiring an additional 696 shares in the last quarter. TFB Advisors LLC bought a new stake in First Trust Water ETF in the third quarter valued at $217,000. Finally, Assetmark Inc. increased its position in First Trust Water ETF by 23.8% during the 3rd quarter. Assetmark Inc. now owns 13,206 shares of the company’s stock valued at $1,444,000 after purchasing an additional 2,541 shares during the period.

First Trust Water ETF Trading Down 0.8 %

NYSEARCA:FIW opened at $103.14 on Tuesday. The company has a 50-day moving average price of $103.94 and a 200-day moving average price of $106.17. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 25.44 and a beta of 1.04. First Trust Water ETF has a 12 month low of $96.29 and a 12 month high of $111.64.

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.