First Trust Water ETF (NYSEARCA:FIW) Hits New 52-Week Low – Time to Sell?

First Trust Water ETF (NYSEARCA:FIWGet Free Report)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $94.88 and last traded at $95.04, with a volume of 10033 shares changing hands. The stock had previously closed at $98.12.

First Trust Water ETF Stock Down 4.2 %

The stock has a 50-day moving average of $102.98 and a 200 day moving average of $105.46. The stock has a market cap of $1.62 billion, a PE ratio of 26.28 and a beta of 1.04.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in First Trust Water ETF by 227.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,146 shares of the company’s stock worth $1,035,000 after purchasing an additional 7,048 shares during the last quarter. Comprehensive Money Management Services LLC purchased a new stake in shares of First Trust Water ETF in the 4th quarter valued at approximately $664,000. Heck Capital Advisors LLC acquired a new stake in shares of First Trust Water ETF during the 4th quarter worth approximately $112,000. ARQ Wealth Advisors LLC raised its position in shares of First Trust Water ETF by 12.1% during the 4th quarter. ARQ Wealth Advisors LLC now owns 4,597 shares of the company’s stock valued at $469,000 after buying an additional 498 shares during the period. Finally, First Heartland Consultants Inc. lifted its holdings in First Trust Water ETF by 11.9% in the fourth quarter. First Heartland Consultants Inc. now owns 11,885 shares of the company’s stock valued at $1,213,000 after acquiring an additional 1,263 shares during the last quarter.

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.

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