First Trust Water ETF (NYSEARCA:FIW) Sees Unusually-High Trading Volume

First Trust Water ETF (NYSEARCA:FIWGet Rating) shares saw an uptick in trading volume on Tuesday . 4,936 shares changed hands during mid-day trading, a decline of 94% from the previous session’s volume of 76,307 shares.The stock last traded at $80.89 and had previously closed at $81.09.

First Trust Water ETF Stock Up 1.0 %

The stock has a 50 day moving average of $74.37 and a 200 day moving average of $78.54.

Hedge Funds Weigh In On First Trust Water ETF

Several institutional investors have recently added to or reduced their stakes in FIW. 1832 Asset Management L.P. acquired a new position in First Trust Water ETF in the first quarter valued at approximately $18,435,000. International Assets Investment Management LLC acquired a new position in First Trust Water ETF in the first quarter valued at approximately $6,211,000. LPL Financial LLC lifted its stake in First Trust Water ETF by 30.1% in the fourth quarter. LPL Financial LLC now owns 582,056 shares of the company’s stock valued at $55,179,000 after buying an additional 134,595 shares during the period. Bank of America Corp DE lifted its stake in First Trust Water ETF by 17.1% in the fourth quarter. Bank of America Corp DE now owns 498,851 shares of the company’s stock valued at $47,291,000 after buying an additional 72,890 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in First Trust Water ETF by 104.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 119,046 shares of the company’s stock valued at $11,286,000 after buying an additional 60,753 shares during the period.

First Trust Water ETF Company Profile

(Get Rating)

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.

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