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

view original post

Shares of First Trust Water ETF (NYSEARCA:FIW) saw an uptick in trading volume on Wednesday . 1,063 shares changed hands during mid-day trading, a decline of 99% from the previous session’s volume of 71,616 shares.The stock last traded at $93.93 and had previously closed at $93.94.

The firm’s 50-day simple moving average is $92.22 and its 200 day simple moving average is $88.71.

Hedge funds have recently made changes to their positions in the business. Koshinski Asset Management Inc. bought a new stake in shares of First Trust Water ETF in the third quarter valued at approximately $51,000. Fifth Third Bancorp raised its position in shares of First Trust Water ETF by 109.1% in the second quarter. Fifth Third Bancorp now owns 623 shares of the company’s stock valued at $52,000 after purchasing an additional 325 shares during the period. Wagner Wealth Management LLC bought a new stake in shares of First Trust Water ETF in the third quarter valued at approximately $63,000. Captrust Financial Advisors raised its position in shares of First Trust Water ETF by 43.9% in the third quarter. Captrust Financial Advisors now owns 826 shares of the company’s stock valued at $70,000 after purchasing an additional 252 shares during the period. Finally, Bank of Montreal Can raised its position in shares of First Trust Water ETF by 55.0% in the second quarter. Bank of Montreal Can now owns 1,071 shares of the company’s stock valued at $89,000 after purchasing an additional 380 shares during the period.

About First Trust Water ETF (NYSEARCA:FIW)

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.

Further Reading: Leveraged Buyout (LBO)

Want More Great Investing Ideas?