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

Shares of First Trust Water ETF (NYSEARCA:FIW) saw unusually-strong trading volume on Tuesday . Approximately 48,923 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 57,638 shares.The stock last traded at $107.99 and had previously closed at $107.49.

First Trust Water ETF Trading Up 0.2%

The company has a market cap of $1.84 billion, a PE ratio of 24.17 and a beta of 0.99. The company’s 50 day moving average is $105.23 and its 200 day moving average is $108.16.

Hedge Funds Weigh In On First Trust Water ETF

A number of institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its holdings in shares of First Trust Water ETF by 64.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after purchasing an additional 98 shares during the period. Godfrey Financial Associates Inc. bought a new position in First Trust Water ETF in the fourth quarter worth approximately $28,000. Evolution Wealth Management Inc. purchased a new position in First Trust Water ETF during the 4th quarter worth $32,000. Assetmark Inc. increased its holdings in First Trust Water ETF by 88.0% during the 1st quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after purchasing an additional 161 shares during the period. Finally, CX Institutional bought a new stake in First Trust Water ETF during the 2nd quarter valued at $37,000.

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. 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.