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

First Trust Water ETF (NYSEARCA:FIW) reached a new 52-week low during trading on Thursday . The stock traded as low as $98.52 and last traded at $101.17, with a volume of 67593 shares trading hands. The stock had previously closed at $99.66.

First Trust Water ETF Trading Up 1.5%

The company has a 50 day moving average price of $104.95 and a 200 day moving average price of $109.44. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 24.17 and a beta of 1.03.

Institutional Investors Weigh In On First Trust Water ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of First Trust Water ETF by 3.5% in the 1st quarter. NewEdge Advisors LLC now owns 12,397 shares of the company’s stock valued at $1,279,000 after buying an additional 424 shares during the period. Centaurus Financial Inc. increased its stake in shares of First Trust Water ETF by 28.2% in the 1st quarter. Centaurus Financial Inc. now owns 2,533 shares of the company’s stock valued at $261,000 after buying an additional 557 shares during the period. Arkadios Wealth Advisors increased its stake in shares of First Trust Water ETF by 4.6% in the 1st quarter. Arkadios Wealth Advisors now owns 5,690 shares of the company’s stock valued at $587,000 after buying an additional 249 shares during the period. Sunbelt Securities Inc. grew its stake in shares of First Trust Water ETF by 29.6% during the first quarter. Sunbelt Securities Inc. now owns 2,608 shares of the company’s stock worth $269,000 after purchasing an additional 595 shares during the period. Finally, Gateway Wealth Partners LLC grew its stake in shares of First Trust Water ETF by 103.8% during the first quarter. Gateway Wealth Partners LLC now owns 5,716 shares of the company’s stock worth $589,000 after purchasing an additional 2,911 shares during the period.

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. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.