First Trust Water ETF (NYSEARCA:FIW) Sees Large Volume Increase – Here’s Why

Shares of First Trust Water ETF (NYSEARCA:FIW) saw an uptick in trading volume on Friday . 88,240 shares changed hands during trading, an increase of 110% from the previous session’s volume of 42,106 shares.The stock last traded at $109.3640 and had previously closed at $108.64.

First Trust Water ETF Price Performance

The firm has a market capitalization of $1.90 billion, a P/E ratio of 24.17 and a beta of 1.05. The firm’s fifty day moving average price is $110.83 and its 200-day moving average price is $111.10.

Institutional Investors Weigh In On First Trust Water ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. ARQ Wealth Advisors LLC boosted its position in shares of First Trust Water ETF by 14.0% in the third quarter. ARQ Wealth Advisors LLC now owns 6,385 shares of the company’s stock worth $717,000 after buying an additional 784 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of First Trust Water ETF by 17.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,872 shares of the company’s stock valued at $1,109,000 after buying an additional 1,469 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in First Trust Water ETF in the third quarter worth approximately $287,000. Stonebridge Financial Planning Group LLC raised its holdings in shares of First Trust Water ETF by 2.4% during the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 17,627 shares of the company’s stock valued at $1,980,000 after purchasing an additional 420 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in First Trust Water ETF by 38.8% during the third quarter. Kestra Private Wealth Services LLC now owns 128,112 shares of the company’s stock worth $14,393,000 after buying an additional 35,827 shares during the last quarter.

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. 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.