First Trust Water ETF (NYSEARCA:FIW) Sees Unusually-High Trading Volume – Here’s What Happened

First Trust Water ETF (NYSEARCA:FIW) saw unusually-strong trading volume on Tuesday . Approximately 48,923 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 57,638 shares.The stock last traded at $107.99 and had previously closed at $107.49.

First Trust Water ETF Trading Up 0.2%

The firm has a market cap of $1.84 billion, a P/E ratio of 24.17 and a beta of 0.99. The business has a 50-day moving average price of $105.23 and a 200-day moving average price of $108.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in First Trust Water ETF by 3.9% during the 4th quarter. LPL Financial LLC now owns 936,052 shares of the company’s stock valued at $101,693,000 after purchasing an additional 34,753 shares during the period. Bank of America Corp DE lifted its position in shares of First Trust Water ETF by 3.1% in the 3rd quarter. Bank of America Corp DE now owns 483,853 shares of the company’s stock worth $54,361,000 after purchasing an additional 14,736 shares during the period. Polianta Ltd lifted its position in shares of First Trust Water ETF by 86.0% in the 4th quarter. Polianta Ltd now owns 267,700 shares of the company’s stock worth $29,082,000 after purchasing an additional 123,800 shares during the period. Raymond James Financial Inc. lifted its position in shares of First Trust Water ETF by 18.2% in the 3rd quarter. Raymond James Financial Inc. now owns 260,093 shares of the company’s stock worth $29,221,000 after purchasing an additional 39,966 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of First Trust Water ETF by 0.9% during the fourth quarter. Stifel Financial Corp now owns 222,375 shares of the company’s stock valued at $24,160,000 after purchasing an additional 2,002 shares in 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. 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.