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

First Trust Water ETF (NYSEARCA:FIW) saw unusually-strong trading volume on Friday . Approximately 127,236 shares traded hands during mid-day trading, an increase of 82% from the previous session’s volume of 69,768 shares.The stock last traded at $100.30 and had previously closed at $101.61.

First Trust Water ETF Trading Down 1.0 %

The company has a market capitalization of $1.63 billion, a PE ratio of 33.23 and a beta of 0.99. The business’s fifty day moving average is $106.66 and its two-hundred day moving average is $105.65.

Institutional Investors Weigh In On First Trust Water ETF

A number of large investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new stake in shares of First Trust Water ETF during the 2nd quarter valued at $32,000. Wedbush Securities Inc. grew its position in shares of First Trust Water ETF by 16.2% during the 2nd quarter. Wedbush Securities Inc. now owns 6,136 shares of the company’s stock valued at $613,000 after acquiring an additional 855 shares during the period. LPL Financial LLC grew its position in shares of First Trust Water ETF by 9.5% during the 2nd quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock valued at $69,448,000 after acquiring an additional 59,991 shares during the period. Eagle Strategies LLC bought a new stake in shares of First Trust Water ETF during the 2nd quarter valued at $1,087,000. Finally, Oppenheimer & Co. Inc. grew its position in shares of First Trust Water ETF by 1.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 68,564 shares of the company’s stock valued at $6,855,000 after acquiring an additional 674 shares during the period.

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.