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

Shares of First Trust Water ETF (NYSEARCA:FIW) saw unusually-high trading volume on Friday . Approximately 127,236 shares traded hands during 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 Stock Performance

The firm has a market capitalization of $1.63 billion, a P/E ratio of 33.23 and a beta of 0.99. The stock has a 50 day moving average of $106.54 and a 200-day moving average of $105.68.

Hedge Funds Weigh In On First Trust Water ETF

A number of large investors have recently made changes to their positions in FIW. Jane Street Group LLC lifted its holdings in First Trust Water ETF by 291.6% during the 3rd quarter. Jane Street Group LLC now owns 16,899 shares of the company’s stock worth $1,848,000 after purchasing an additional 12,584 shares in the last quarter. FMR LLC lifted its holdings in shares of First Trust Water ETF by 12.2% in the third quarter. FMR LLC now owns 4,489 shares of the company’s stock worth $491,000 after buying an additional 487 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Water ETF in the second quarter worth about $1,181,000. Oppenheimer & Co. Inc. boosted its position in shares of First Trust Water ETF by 1.0% in the second 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. Finally, Moors & Cabot Inc. increased its holdings in First Trust Water ETF by 4.0% during the 2nd quarter. Moors & Cabot Inc. now owns 17,390 shares of the company’s stock worth $1,739,000 after acquiring an additional 667 shares during the period.

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.