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

Shares of First Trust Water ETF (NYSEARCA:FIW) saw unusually-high trading volume on Friday . Approximately 127,236 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 69,768 shares.The stock last traded at $100.30 and had previously closed at $101.61.

First Trust Water ETF Stock Performance

The company has a market cap of $1.63 billion, a P/E ratio of 33.23 and a beta of 0.99. The firm’s fifty day moving average is $106.66 and its two-hundred day moving average is $105.65.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FIW. Jane Street Group LLC lifted its stake in First Trust Water ETF by 291.6% in the 3rd quarter. Jane Street Group LLC now owns 16,899 shares of the company’s stock worth $1,848,000 after purchasing an additional 12,584 shares in the last quarter. FMR LLC lifted its stake in First Trust Water ETF by 12.2% in the 3rd quarter. FMR LLC now owns 4,489 shares of the company’s stock worth $491,000 after purchasing an additional 487 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in First Trust Water ETF in the 2nd quarter worth $1,181,000. Oppenheimer & Co. Inc. lifted its stake in First Trust Water ETF by 1.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 68,564 shares of the company’s stock worth $6,855,000 after purchasing an additional 674 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in First Trust Water ETF by 4.0% in the 2nd quarter. Moors & Cabot Inc. now owns 17,390 shares of the company’s stock worth $1,739,000 after purchasing an additional 667 shares in 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.