First Trust Water ETF (NYSEARCA:FIW) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust Water ETF (NYSEARCA:FIW) saw an uptick in trading volume on Tuesday . 79,355 shares were traded during trading, an increase of 98% from the previous session’s volume of 40,114 shares.The stock last traded at $106.78 and had previously closed at $107.24.

First Trust Water ETF Stock Down 0.4 %

The company has a market capitalization of $1.66 billion, a PE ratio of 33.23 and a beta of 0.99. The company’s 50 day moving average is $108.36 and its two-hundred day moving average is $105.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of First Trust Water ETF during the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC bought a new stake in shares of First Trust Water ETF during the second quarter worth $32,000. Values First Advisors Inc. purchased a new stake in shares of First Trust Water ETF during the third quarter valued at $52,000. Copley Financial Group Inc. bought a new position in shares of First Trust Water ETF in the third quarter worth about $62,000. Finally, Larson Financial Group LLC increased its stake 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 worth $119,000 after buying an additional 1,015 shares during the period.

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.