First Trust Water ETF (NYSEARCA:FIW) Sets New 12-Month High – What’s Next?

First Trust Water ETF (NYSEARCA:FIW) reached a new 52-week high during trading on Monday. The stock traded as high as $116.30 and last traded at $116.3360, with a volume of 34,215 shares. The stock had previously closed at $112.24.

First Trust Water ETF Price Performance

The stock has a fifty day simple moving average of $107.27 and a two-hundred day simple moving average of $108.00. The firm has a market capitalization of $1.89 billion, a P/E ratio of 24.17 and a beta of 0.99.

Institutional Trading of First Trust Water ETF

Hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC boosted its stake in First Trust Water ETF by 4.6% during the third quarter. Kestra Private Wealth Services LLC now owns 169,983 shares of the company’s stock worth $17,641,000 after acquiring an additional 7,511 shares in the last quarter. Farrow Financial Inc. increased its stake in First Trust Water ETF by 1.3% in the third quarter. Farrow Financial Inc. now owns 23,367 shares of the company’s stock valued at $2,425,000 after purchasing an additional 295 shares in the last quarter. ARQ Wealth Advisors LLC increased its stake in First Trust Water ETF by 11.7% in the third quarter. ARQ Wealth Advisors LLC now owns 12,008 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,260 shares in the last quarter. Ipsen Advisor Group LLC increased its stake in First Trust Water ETF by 1.0% in the third quarter. Ipsen Advisor Group LLC now owns 13,765 shares of the company’s stock valued at $1,429,000 after purchasing an additional 134 shares in the last quarter. Finally, MGO One Seven LLC raised its holdings in shares of First Trust Water ETF by 11.5% during the third quarter. MGO One Seven LLC now owns 7,621 shares of the company’s stock valued at $791,000 after purchasing an additional 783 shares during the period.

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.