First Trust Water ETF (NYSEARCA:FIW) Sets New 12-Month High – What’s Next?

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

First Trust Water ETF Price Performance

The firm has a market capitalization of $1.89 billion, a P/E ratio of 24.17 and a beta of 0.99. The company has a fifty day moving average of $107.27 and a 200 day moving average of $108.00.

Institutional Investors Weigh In On First Trust Water ETF

Several large investors have recently modified their holdings of FIW. Marshall & Sterling Wealth Advisors Inc. lifted its holdings in First Trust Water ETF by 4.2% in the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 2,646 shares of the company’s stock valued at $273,000 after buying an additional 106 shares during the period. Morey & Quinn Wealth Partners LLC grew its holdings in First Trust Water ETF by 0.9% during the 3rd quarter. Morey & Quinn Wealth Partners LLC now owns 12,461 shares of the company’s stock worth $1,293,000 after acquiring an additional 109 shares during the period. Tempus Wealth Planning LLC grew its holdings in First Trust Water ETF by 5.0% during the 3rd quarter. Tempus Wealth Planning LLC now owns 2,497 shares of the company’s stock worth $259,000 after acquiring an additional 119 shares during the period. Ipsen Advisor Group LLC grew its holdings in First Trust Water ETF by 1.0% during the 3rd quarter. Ipsen Advisor Group LLC now owns 13,765 shares of the company’s stock worth $1,429,000 after acquiring an additional 134 shares during the period. Finally, Assetmark Inc. raised its position in shares of First Trust Water ETF by 88.0% in the 1st quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after acquiring an additional 161 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.