First Trust Water ETF (NYSEARCA:FIW) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Water ETF (NYSEARCA:FIW) saw unusually-high trading volume on Monday . 148,444 shares were traded during mid-day trading, an increase of 176% from the previous session’s volume of 53,870 shares.The stock last traded at $109.77 and had previously closed at $110.47.

First Trust Water ETF Stock Down 0.8%

The business has a 50-day moving average price of $109.48 and a two-hundred day moving average price of $107.51. The firm has a market cap of $1.87 billion, a PE ratio of 24.17 and a beta of 0.99.

Institutional Investors Weigh In On First Trust Water ETF

Several large investors have recently bought and sold shares of FIW. Guardian Capital LLC purchased a new stake in shares of First Trust Water ETF during the 4th quarter worth approximately $1,148,000. Legacy Edge Advisors LLC acquired a new position in shares of First Trust Water ETF in the 4th quarter valued at $641,000. Kestra Private Wealth Services LLC grew its position in shares of First Trust Water ETF by 4.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 141,242 shares of the company’s stock valued at $14,566,000 after buying an additional 6,643 shares during the last quarter. Modern Wealth Management LLC grew its position in shares of First Trust Water ETF by 15.9% in the 1st quarter. Modern Wealth Management LLC now owns 52,435 shares of the company’s stock valued at $5,460,000 after buying an additional 7,205 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in First Trust Water ETF by 4,103.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 111,109 shares of the company’s stock worth $12,071,000 after acquiring an additional 108,466 shares in the last quarter.

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.