First Trust Water ETF (NYSEARCA:FIW) Reaches New 12-Month High – Here’s Why

First Trust Water ETF (NYSEARCA:FIW) reached a new 52-week high during mid-day trading on Wednesday . The company 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 Trading Up 2.4 %

The firm has a market capitalization of $1.80 billion, a P/E ratio of 33.23 and a beta of 0.99. The business has a 50 day moving average of $106.93 and a 200-day moving average of $104.37.

Institutional Investors Weigh In On First Trust Water ETF

Several large investors have recently made changes to their positions in the stock. Mascoma Wealth Management LLC boosted its holdings in shares of First Trust Water ETF by 17.5% in the 3rd quarter. Mascoma Wealth Management LLC now owns 17,290 shares of the company’s stock valued at $1,890,000 after buying an additional 2,579 shares during the last quarter. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Water ETF in the 3rd quarter valued at approximately $234,000. Nations Financial Group Inc. IA ADV boosted its holdings in shares of First Trust Water ETF by 49.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,677 shares of the company’s stock valued at $621,000 after buying an additional 1,887 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of First Trust Water ETF by 290.6% in the 3rd quarter. Tyler Stone Wealth Management now owns 2,465 shares of the company’s stock valued at $270,000 after buying an additional 1,834 shares during the last quarter. Finally, Sigma Planning Corp boosted its holdings in shares of First Trust Water ETF by 2.1% in the 3rd quarter. Sigma Planning Corp now owns 38,488 shares of the company’s stock valued at $4,208,000 after buying an additional 791 shares during the last quarter.

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.