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

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

First Trust Water ETF Stock Performance

The company’s 50-day moving average is $106.93 and its 200-day moving average is $104.37. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99.

Institutional Trading of First Trust Water ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC raised its holdings in First Trust Water ETF by 17.5% during the 3rd quarter. Mascoma Wealth Management LLC now owns 17,290 shares of the company’s stock worth $1,890,000 after purchasing an additional 2,579 shares during the last quarter. Proactive Wealth Strategies LLC bought a new stake in shares of First Trust Water ETF in the 3rd quarter valued at about $234,000. Nations Financial Group Inc. IA ADV increased its stake in shares of First Trust Water ETF by 49.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,677 shares of the company’s stock valued at $621,000 after acquiring an additional 1,887 shares during the last quarter. Tyler Stone Wealth Management increased its stake in shares of First Trust Water ETF by 290.6% in the 3rd quarter. Tyler Stone Wealth Management now owns 2,465 shares of the company’s stock valued at $270,000 after acquiring an additional 1,834 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in shares of First Trust Water ETF by 2.1% in the 3rd quarter. Sigma Planning Corp now owns 38,488 shares of the company’s stock valued at $4,208,000 after acquiring an additional 791 shares during the last quarter.

About First Trust Water ETF

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.