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

First Trust Water ETF (NYSEARCA:FIW) saw unusually-strong trading volume on Tuesday . 48,923 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 57,638 shares.The stock last traded at $107.99 and had previously closed at $107.49.

First Trust Water ETF Trading Down 0.5%

The stock’s fifty day moving average price is $105.25 and its 200 day moving average price is $108.12. The stock has a market cap of $1.83 billion, a P/E ratio of 24.17 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of First Trust Water ETF by 64.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after buying an additional 98 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in First Trust Water ETF in the fourth quarter worth approximately $28,000. Evolution Wealth Management Inc. bought a new position in First Trust Water ETF during the fourth quarter valued at approximately $32,000. CX Institutional bought a new position in First Trust Water ETF during the second quarter valued at approximately $37,000. Finally, Assetmark Inc. raised its stake in shares of First Trust Water ETF by 88.0% during the first quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after acquiring an additional 161 shares in 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. 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.