First Trust Water ETF (NYSEARCA:FIW) Reaches New 52-Week High – Time to Buy?

First Trust Water ETF (NYSEARCA:FIW)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $110.44 and last traded at $110.20, with a volume of 13337 shares trading hands. The stock had previously closed at $109.48.

First Trust Water ETF Trading Down 0.0 %

The stock’s 50 day moving average is $106.11 and its 200 day moving average is $103.49. The firm 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

Several large investors have recently made changes to their positions in the company. Ausdal Financial Partners Inc. raised its position in First Trust Water ETF by 1.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 8,366 shares of the company’s stock worth $836,000 after purchasing an additional 107 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in First Trust Water ETF by 0.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 37,424 shares of the company’s stock valued at $3,821,000 after acquiring an additional 129 shares during the last quarter. Creative Planning raised its holdings in First Trust Water ETF by 2.6% during the 3rd quarter. Creative Planning now owns 5,781 shares of the company’s stock worth $632,000 after purchasing an additional 149 shares during the last quarter. Financial Enhancement Group LLC lifted its position in shares of First Trust Water ETF by 1.0% in the 1st quarter. Financial Enhancement Group LLC now owns 16,409 shares of the company’s stock worth $1,614,000 after purchasing an additional 155 shares during the period. Finally, CWM LLC boosted its stake in shares of First Trust Water ETF by 1.8% in the 2nd quarter. CWM LLC now owns 8,929 shares of the company’s stock valued at $893,000 after purchasing an additional 160 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.