FIW Stock Summary and Trading Ideas (First Trust Water ETF | ARCA:FIW)

The First Trust Water ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the ISE Clean Edge Water Index. The ISE Clean Edge Water Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry. The Index begins by establishing the total population of stocks in the potable and wastewater industry and eliminates stocks which do not meet the Indexs baseline eligibility requirements. To meet Index eligibility, a stock must satisfy market capitalization, liquidity and weighting concentration requirements. The Index selects the top 36 stocks in the industry by market capitalization.

First Trust Water ETF trades on the ARCA stock market under the symbol FIW.

As of April 22, 2024, FIW stock price climbed to $98.25 with 47,342 million shares trading.

FIW has a beta of 1.05, meaning it tends to be more sensitive to market movements. FIW has a correlation of 0.66 to the broad based SPY ETF.

FIW has a market cap of $1.59 billion. This is considered a Small Cap stock.

In the last 3 years, FIW stock traded as high as $102.55 and as low as $67.47.

FIW stock has underperformed the market in the last year with a return of +19.4%, while SPY returned +22.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FIW shares. However, FIW has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and -2.9%, while SPY returned +3.7% and -3.7%, respectively. This indicates FIW has been having a stronger performance recently.

FIW support price is $96.53 and resistance is $98.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FIW stock will trade within this expected range on the day.