First Trust Water ETF (NYSEARCA:FIW) Reaches New 12-Month High at $109.38

Shares of First Trust Water ETF (NYSEARCA:FIW) reached a new 52-week high during trading on Friday . The company traded as high as $109.38 and last traded at $109.01, with a volume of 1817 shares traded. The stock had previously closed at $108.46.

First Trust Water ETF Trading Up 0.5 %

The firm’s 50-day moving average is $105.50 and its two-hundred day moving average is $102.84. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp raised its position in shares of First Trust Water ETF by 71.8% during the 4th quarter. Stifel Financial Corp now owns 170,239 shares of the company’s stock valued at $16,139,000 after buying an additional 71,131 shares during the period. Focus Financial Network Inc. ADV acquired a new stake in shares of First Trust Water ETF during the 4th quarter worth about $289,000. Tradition Wealth Management LLC raised its holdings in First Trust Water ETF by 3.9% in the 4th quarter. Tradition Wealth Management LLC now owns 3,993 shares of the company’s stock valued at $379,000 after buying an additional 151 shares during the period. Oppenheimer & Co. Inc. lifted its position in First Trust Water ETF by 29.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 45,482 shares of the company’s stock valued at $4,312,000 after buying an additional 10,459 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of First Trust Water ETF in the 4th quarter valued at approximately $324,000.

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.