First Trust Water ETF (NYSEARCA:FIW) Reaches New 52-Week High – Time to Buy?

First Trust Water ETF (NYSEARCA:FIW) shares reached a new 52-week high on Thursday . The stock traded as high as $116.19 and last traded at $116.1020, with a volume of 14816 shares. The stock had previously closed at $115.27.

First Trust Water ETF Price Performance

The business’s fifty day moving average price is $111.27 and its 200-day moving average price is $111.74. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05.

Institutional Trading of First Trust Water ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIW. Cullen Frost Bankers Inc. bought a new position in shares of First Trust Water ETF in the third quarter valued at approximately $35,000. Ameriflex Group Inc. raised its position in First Trust Water ETF by 150.0% in the 3rd quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after buying an additional 204 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in First Trust Water ETF by 3,635.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock valued at $57,000 after buying an additional 509 shares during the last quarter. REAP Financial Group LLC boosted its holdings in First Trust Water ETF by 9.9% during the 3rd quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock worth $111,000 after acquiring an additional 89 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of First Trust Water ETF by 35.1% in the 2nd quarter. Allworth Financial LP now owns 1,539 shares of the company’s stock worth $166,000 after acquiring an additional 400 shares in 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.