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

First Trust Water ETF (NYSEARCA:FIW) saw unusually-high trading volume on Tuesday . Approximately 140,198 shares changed hands 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 Stock Performance

The business’s 50-day moving average price is $108.41 and its 200 day moving average price is $105.32. The stock has a market capitalization of $1.79 billion, a PE ratio of 33.23 and a beta of 0.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sfmg LLC grew its position in First Trust Water ETF by 2.8% in the third quarter. Sfmg LLC now owns 16,825 shares of the company’s stock worth $1,839,000 after acquiring an additional 465 shares in the last quarter. World Investment Advisors LLC raised its stake in First Trust Water ETF by 2.1% in the third quarter. World Investment Advisors LLC now owns 5,952 shares of the company’s stock worth $651,000 after buying an additional 124 shares in the last quarter. Sanctuary Advisors LLC raised its stake in First Trust Water ETF by 15.1% in the third quarter. Sanctuary Advisors LLC now owns 13,612 shares of the company’s stock worth $1,490,000 after buying an additional 1,788 shares in the last quarter. TD Private Client Wealth LLC raised its stake in First Trust Water ETF by 6.3% in the third quarter. TD Private Client Wealth LLC now owns 1,680 shares of the company’s stock worth $184,000 after buying an additional 99 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in First Trust Water ETF by 20.2% in the third quarter. MML Investors Services LLC now owns 54,679 shares of the company’s stock worth $5,978,000 after purchasing an additional 9,185 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.