First Trust Water ETF (NYSEARCA:FIW) Sees Unusually-High Trading Volume – Here’s Why

First Trust Water ETF (NYSEARCA:FIW) shares saw an uptick in trading volume on Tuesday . 140,198 shares were traded during trading, an increase of 251% from the previous session’s volume of 39,983 shares.The stock last traded at $110.85 and had previously closed at $110.40.

First Trust Water ETF Price Performance

The stock has a market cap of $1.80 billion, a PE ratio of 33.23 and a beta of 0.99. The firm has a 50 day moving average of $108.30 and a two-hundred day moving average of $105.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FIW. TD Private Client Wealth LLC boosted its stake in First Trust Water ETF by 6.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,680 shares of the company’s stock worth $184,000 after purchasing an additional 99 shares during the period. Ausdal Financial Partners Inc. boosted its stake in shares of First Trust Water ETF by 1.3% during the second quarter. Ausdal Financial Partners Inc. now owns 8,366 shares of the company’s stock worth $836,000 after buying an additional 107 shares during the period. Global Retirement Partners LLC grew its holdings in shares of First Trust Water ETF by 2.1% during the third quarter. Global Retirement Partners LLC now owns 5,316 shares of the company’s stock worth $581,000 after buying an additional 111 shares during the last quarter. Kingsview Wealth Management LLC increased its position in First Trust Water ETF by 2.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,963 shares of the company’s stock valued at $543,000 after acquiring an additional 117 shares during the period. Finally, World Investment Advisors LLC raised its stake in First Trust Water ETF by 2.1% during the 3rd quarter. World Investment Advisors LLC now owns 5,952 shares of the company’s stock valued at $651,000 after acquiring an additional 124 shares during 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.