First Trust Water ETF (NYSEARCA:FIW) Sets New 1-Year High – Here’s What Happened

by · The Cerbat Gem

First Trust Water ETF (NYSEARCA:FIW – Get Free Report) reached a new 52-week high during trading on Monday. The company traded as high as $116.30 and last traded at $116.3360, with a volume of 34,215 shares trading hands. The stock had previously closed at $112.24.

First Trust Water ETF Price Performance

The business has a fifty day moving average of $107.62 and a 200-day moving average of $108.03. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 24.17 and a beta of 0.97.

Hedge Funds Weigh In On First Trust Water ETF

Several hedge funds have recently made changes to their positions in the business. StoneX Group Inc. acquired a new stake in First Trust Water ETF during the 3rd quarter worth about $1,175,000. Parallel Advisors LLC lifted its stake in shares of First Trust Water ETF by 25.1% in the 3rd quarter. Parallel Advisors LLC now owns 3,173 shares of the company’s stock valued at $329,000 after purchasing an additional 636 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of First Trust Water ETF by 4.5% in the third quarter. Kestra Advisory Services LLC now owns 68,578 shares of the company’s stock worth $7,117,000 after buying an additional 2,984 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in First Trust Water ETF by 4.6% during the third quarter. Kestra Private Wealth Services LLC now owns 169,983 shares of the company’s stock worth $17,641,000 after purchasing an additional 7,511 shares during the period. Finally, Farrow Financial Inc. raised its position in shares of First Trust Water ETF by 1.3% in the third quarter. Farrow Financial Inc. now owns 23,367 shares of the company’s stock valued at $2,425,000 after purchasing an additional 295 shares during the period.

About First Trust Water ETF

(Get Free Report)

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.

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