Raab & Moskowitz Asset Management LLC Has $3.32 Million Position in First Trust Water ETF (NYSEARCA:FIW)

Raab & Moskowitz Asset Management LLC trimmed its stake in shares of First Trust Water ETF (NYSEARCA:FIW) by 1.2% in the second quarter, Holdings Channel.com reports. The firm owned 33,168 shares of the company’s stock after selling 388 shares during the quarter. First Trust Water ETF comprises approximately 0.9% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 29th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in First Trust Water ETF were worth $3,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in shares of First Trust Water ETF during the fourth quarter valued at about $27,000. Rothschild Investment LLC acquired a new stake in First Trust Water ETF during the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC acquired a new stake in First Trust Water ETF during the 2nd quarter worth approximately $32,000. SOA Wealth Advisors LLC. bought a new stake in First Trust Water ETF during the 1st quarter worth approximately $36,000. Finally, Larson Financial Group LLC increased its position in First Trust Water ETF by 597.1% in the 2nd quarter. Larson Financial Group LLC now owns 1,185 shares of the company’s stock valued at $119,000 after acquiring an additional 1,015 shares during the period.

First Trust Water ETF Stock Performance

FIW stock opened at $109.05 on Friday. The company has a market capitalization of $1.77 billion, a P/E ratio of 33.23 and a beta of 0.99. The company has a fifty day moving average price of $105.38 and a 200-day moving average price of $102.77. First Trust Water ETF has a 52-week low of $77.11 and a 52-week high of $109.90.

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.