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

First Trust Water ETF (NYSEARCA:FIW) saw strong trading volume on Wednesday. Approximately 78,567 shares traded hands during trading, an increase of 41% from the previous session’s volume of 55,592 shares. The stock last traded at $105.9070 and had previously closed at $106.09.

First Trust Water ETF Stock Down 1.3%

The company has a market cap of $1.73 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99. The business’s fifty day simple moving average is $108.94 and its two-hundred day simple moving average is $106.69.

Institutional Trading of First Trust Water ETF

A number of large investors have recently made changes to their positions in FIW. Arax Advisory Partners purchased a new stake in shares of First Trust Water ETF in the 4th quarter worth about $20,342,000. Ameritas Advisory Services LLC increased its holdings in First Trust Water ETF by 42.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock valued at $17,290,000 after acquiring an additional 47,042 shares in the last quarter. Fifth Third Bancorp increased its holdings in First Trust Water ETF by 1,664.8% during the 1st quarter. Fifth Third Bancorp now owns 30,196 shares of the company’s stock valued at $3,114,000 after acquiring an additional 28,485 shares in the last quarter. William John Sempolinski purchased a new position in First Trust Water ETF during the 2nd quarter valued at about $2,913,000. Finally, Kestra Advisory Services LLC raised its position in First Trust Water ETF by 14.0% during the first quarter. Kestra Advisory Services LLC now owns 75,084 shares of the company’s stock worth $7,743,000 after acquiring an additional 9,248 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. 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.