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

First Trust Water ETF (NYSEARCA:FIW) shares saw an uptick in trading volume on Friday . 88,240 shares changed hands during trading, an increase of 110% from the previous session’s volume of 42,106 shares.The stock last traded at $109.3640 and had previously closed at $108.64.

First Trust Water ETF Stock Up 0.8%

The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05. The company’s fifty day moving average is $110.71 and its two-hundred day moving average is $111.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Water ETF during the third quarter worth $35,000. Ameriflex Group Inc. boosted its holdings in First Trust Water ETF by 150.0% during the third quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock worth $38,000 after buying an additional 204 shares during the last quarter. Investors Research Corp grew its position in shares of First Trust Water ETF by 19.9% during the 2nd quarter. Investors Research Corp now owns 705 shares of the company’s stock worth $76,000 after buying an additional 117 shares during the period. REAP Financial Group LLC increased its stake in shares of First Trust Water ETF by 9.9% in the 3rd quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock valued at $111,000 after acquiring an additional 89 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of First Trust Water ETF by 35.1% in the 2nd quarter. Allworth Financial LP now owns 1,539 shares of the company’s stock valued at $166,000 after acquiring an additional 400 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. 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.