First Trust Water ETF (NYSEARCA:FIW – Get Free Report) shares reached a new 52-week high on Monday. The company traded as high as $118.79 and last traded at $119.1140, with a volume of 57,125 shares changing hands. The stock had previously closed at $115.03.
First Trust Water ETF Price Performance
The firm’s fifty day moving average is $107.78 and its two-hundred day moving average is $108.04. The firm has a market capitalization of $1.94 billion, a PE ratio of 24.17 and a beta of 0.97.
Hedge Funds Weigh In On First Trust Water ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Harbour Investments Inc. raised its stake in shares of First Trust Water ETF by 34.1% during the 3rd quarter. Harbour Investments Inc. now owns 13,861 shares of the company’s stock valued at $1,438,000 after purchasing an additional 3,527 shares during the period. Moors & Cabot Inc. boosted its stake in First Trust Water ETF by 6.3% in the 3rd quarter. Moors & Cabot Inc. now owns 12,063 shares of the company’s stock worth $1,252,000 after purchasing an additional 711 shares during the period. Cornerstone Wealth Management LLC boosted its stake in First Trust Water ETF by 0.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 20,586 shares of the company’s stock worth $2,136,000 after purchasing an additional 158 shares during the period. StoneX Group Inc. purchased a new position in First Trust Water ETF during the 3rd quarter valued at about $1,175,000. Finally, Parallel Advisors LLC grew its holdings in First Trust Water ETF by 25.1% during the 3rd quarter. Parallel Advisors LLC now owns 3,173 shares of the company’s stock valued at $329,000 after buying an additional 636 shares in the last quarter.
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. 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.
Further Reading
- Five stocks we like better than First Trust Water ETF
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
- Want to Escape the AI Sell-Off? This ETF Offers a Surprising Alternative
- America’s Rare Earth Clock Is Running Out, But the Bottleneck Isn’t Where You Think
- Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
Receive News & Ratings for First Trust Water ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Water ETF and related companies with MarketBeat.com's FREE daily email newsletter.
