First Trust Water ETF (NYSEARCA:FIW) Hits New 1-Year High – Time to Buy?

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

First Trust Water ETF Price Performance

The firm’s 50-day moving average is $107.13 and its 200 day moving average is $104.53. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99.

Institutional Trading of First Trust Water ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Advisors LLC raised its stake in First Trust Water ETF by 556.1% during the 1st quarter. Cetera Advisors LLC now owns 78,101 shares of the company’s stock valued at $7,974,000 after acquiring an additional 66,197 shares in the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Water ETF by 9.5% during the second quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock worth $69,448,000 after acquiring an additional 59,991 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of First Trust Water ETF by 340.5% during the 2nd quarter. D.A. Davidson & CO. now owns 74,711 shares of the company’s stock worth $7,470,000 after purchasing an additional 57,749 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in First Trust Water ETF by 68.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 140,524 shares of the company’s stock valued at $14,050,000 after purchasing an additional 57,253 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in shares of First Trust Water ETF by 164.7% in the third quarter. Ameritas Advisory Services LLC now owns 72,186 shares of the company’s stock valued at $7,892,000 after purchasing an additional 44,910 shares during the last quarter.

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.