First Trust Water ETF (NYSEARCA:FIW) Reaches New 12-Month High – Should You Buy?

First Trust Water ETF (NYSEARCA:FIW) shares hit a new 52-week high during trading on Monday. The stock traded as high as $118.79 and last traded at $119.1140, with a volume of 57,125 shares changing hands. The stock had previously closed at $115.03.

First Trust Water ETF Trading Down 0.3%

The stock has a 50-day moving average price of $108.12 and a two-hundred day moving average price of $108.07. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 26.60 and a beta of 0.98.

Institutional Investors Weigh In On First Trust Water ETF

Several institutional investors have recently added to or reduced their stakes in FIW. International Assets Investment Management LLC raised its position in shares of First Trust Water ETF by 4,011.6% in the 3rd quarter. International Assets Investment Management LLC now owns 600,000 shares of the company’s stock valued at $62,268,000 after purchasing an additional 585,407 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of First Trust Water ETF by 4.6% in the third quarter. Kestra Private Wealth Services LLC now owns 169,983 shares of the company’s stock worth $17,641,000 after buying an additional 7,511 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of First Trust Water ETF by 42.4% in the second quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock worth $17,290,000 after buying an additional 47,042 shares during the last quarter. Clearwater Capital Advisors LLC lifted its stake in shares of First Trust Water ETF by 3.2% during the first quarter. Clearwater Capital Advisors LLC now owns 112,957 shares of the company’s stock worth $11,649,000 after buying an additional 3,511 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in shares of First Trust Water ETF by 14.0% during the first quarter. Kestra Advisory Services LLC now owns 75,084 shares of the company’s stock worth $7,743,000 after buying an additional 9,248 shares during the period.

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. 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.