Industry description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE Clean Edge Water TM Index.
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to track the performance of small, mid and large capitalization companies that derive a substantial portion of their revenues from the potable water and wastewater industry, according to Clean Edge.
Market Cap
The average market capitalization across the First Trust Water ETF ETF is 15.24B. The market cap for tickers in the group ranges from 1.19B to 66.02B. ECL holds the highest valuation in this group at 66.02B. The lowest valued company is MEG at 1.19B.
High and low price notable news
The average weekly price growth across all stocks in the First Trust Water ETF ETF was -2%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was 1%. SBS experienced the highest price growth at 8%, while TTEK experienced the biggest fall at -12%.
Volume
The average weekly volume growth across all stocks in the First Trust Water ETF ETF was -4%. For the same stocks of the ETF, the average monthly volume growth was 50% and the average quarterly volume growth was 83%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 66
P/E Growth Rating: 58
Price Growth Rating: 51
SMR Rating: 55
Profit Risk Rating: 44
Seasonality Score: 30 (-100 ... +100)