First Trust Water ETF (NYSEARCA:FIW) Sees Large Volume Increase – Here’s What Happened

First Trust Water ETF (NYSEARCA:FIW) shares saw strong trading volume on Friday . 67,952 shares traded hands during trading, a decline of 6% from the previous session’s volume of 72,462 shares.The stock last traded at $101.91 and had previously closed at $101.41.

First Trust Water ETF Stock Up 0.7 %

The company has a 50 day moving average price of $107.09 and a 200-day moving average price of $105.64. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99.

Hedge Funds Weigh In On First Trust Water ETF

Several large investors have recently modified their holdings of FIW. LPL Financial LLC boosted its position in First Trust Water ETF by 9.5% during the second quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock valued at $69,448,000 after acquiring an additional 59,991 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in 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 worth $7,892,000 after acquiring an additional 44,910 shares in the last quarter. SRS Capital Advisors Inc. grew its position in First Trust Water ETF by 29.6% in the 3rd quarter. SRS Capital Advisors Inc. now owns 168,604 shares of the company’s stock valued at $18,433,000 after purchasing an additional 38,490 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of First Trust Water ETF during the third quarter valued at about $4,063,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of First Trust Water ETF in the 2nd quarter worth about $32,000.

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.