First Trust Water ETF (NYSEARCA:FIW) Sees Strong Trading Volume – Here’s What Happened

First Trust Water ETF (NYSEARCA:FIW) shares saw unusually-high trading volume on Friday . Approximately 67,952 shares were traded during trading, a decline of 6% from the previous session’s volume of 72,462 shares.The stock last traded at $101.91 and had previously closed at $101.41.

First Trust Water ETF Trading Up 0.7 %

The stock has a market cap of $1.66 billion, a P/E ratio of 33.23 and a beta of 0.99. The stock has a 50 day simple moving average of $107.09 and a 200 day simple moving average of $105.64.

Hedge Funds Weigh In On First Trust Water ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FIW. Rothschild Investment LLC acquired a new position in First Trust Water ETF during the second quarter worth about $30,000. Strategic Financial Concepts LLC bought a new position in First Trust Water ETF in the 2nd quarter valued at approximately $32,000. Values First Advisors Inc. acquired a new stake in First Trust Water ETF in the third quarter valued at approximately $52,000. Copley Financial Group Inc. bought a new stake in shares of First Trust Water ETF during the third quarter worth $62,000. Finally, Larson Financial Group LLC grew its stake in shares of First Trust Water ETF by 597.1% during the second 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 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.