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

First Trust Water ETF (NYSEARCA:FIW) saw unusually-strong trading volume on Tuesday . Approximately 140,198 shares were traded during mid-day 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 Trading Up 0.2 %

The company has a 50 day simple moving average of $108.30 and a two-hundred day simple moving average of $105.25. The firm has a market capitalization of $1.80 billion, a P/E ratio of 33.23 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. &PARTNERS purchased a new stake in shares of First Trust Water ETF during the second quarter valued at $270,000. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Water ETF in the 2nd quarter worth $1,181,000. Western Wealth Management LLC raised its holdings in shares of First Trust Water ETF by 6.1% in the second quarter. Western Wealth Management LLC now owns 7,579 shares of the company’s stock valued at $758,000 after acquiring an additional 437 shares in the last quarter. Clear Creek Financial Management LLC lifted its stake in First Trust Water ETF by 4.5% in the second quarter. Clear Creek Financial Management LLC now owns 9,669 shares of the company’s stock worth $967,000 after acquiring an additional 412 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in First Trust Water ETF during the 2nd quarter worth about $32,000.

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.