First Trust Water ETF (NYSEARCA:FIW) Hits New 12-Month High – Here’s Why

First Trust Water ETF (NYSEARCA:FIW)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $111.32 and last traded at $111.32, with a volume of 314 shares. The stock had previously closed at $108.35.

First Trust Water ETF Stock Down 0.6 %

The company has a market cap of $1.78 billion, a P/E ratio of 33.23 and a beta of 0.99. The firm has a fifty day moving average price of $107.13 and a 200 day moving average price of $104.53.

Institutional Trading of First Trust Water ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC acquired a new stake in shares of First Trust Water ETF during the second quarter worth about $30,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust Water ETF during the 2nd quarter worth approximately $32,000. Values First Advisors Inc. acquired a new stake in First Trust Water ETF during the 3rd quarter valued at $52,000. Larson Financial Group LLC raised its position in shares of First Trust Water ETF by 597.1% in the second quarter. Larson Financial Group LLC now owns 1,185 shares of the company’s stock valued at $119,000 after purchasing an additional 1,015 shares during the period. Finally, Financial Perspectives Inc boosted its stake in First Trust Water ETF by 21.2% in the 2nd quarter. Financial Perspectives Inc now owns 1,374 shares of the company’s stock valued at $137,000 after purchasing an additional 240 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.