First Trust Water ETF (NYSEARCA:FIW) Sets New 52-Week High at $108.72

First Trust Water ETF (NYSEARCA:FIW)’s share price hit a new 52-week high on Thursday . The stock traded as high as $108.72 and last traded at $108.30, with a volume of 24087 shares. The stock had previously closed at $106.76.

First Trust Water ETF Stock Down 1.1 %

The firm’s 50 day moving average is $105.12 and its two-hundred day moving average is $102.52. The company has a market cap of $1.75 billion, a P/E 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 made changes to their positions in the stock. ICA Group Wealth Management LLC purchased a new position in shares of First Trust Water ETF in the fourth quarter valued at about $27,000. Rothschild Investment LLC bought a new stake in shares of First Trust Water ETF during the 2nd quarter valued at about $30,000. SOA Wealth Advisors LLC. bought a new stake in shares of First Trust Water ETF during the 1st quarter valued at about $36,000. Larson Financial Group LLC boosted its stake in shares of First Trust Water ETF by 597.1% during the 2nd 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 in the last quarter. Finally, Financial Perspectives Inc boosted its stake in shares of First Trust Water ETF by 21.2% during 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 in 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.