Invesco Global Water ETF (NASDAQ:PIO) Shares Down 0.3%

Invesco Global Water ETF (NASDAQ:PIO)’s share price dropped 0.3% on Tuesday . The company traded as low as $41.72 and last traded at $41.90. Approximately 4,725 shares were traded during trading, a decline of 45% from the average daily volume of 8,540 shares. The stock had previously closed at $42.04.

Invesco Global Water ETF Trading Up 0.5 %

The company has a market capitalization of $280.61 million, a price-to-earnings ratio of 28.91 and a beta of 0.96. The firm’s 50 day simple moving average is $41.01 and its 200-day simple moving average is $41.38.

Invesco Global Water ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.2198 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from Invesco Global Water ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, June 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PIO. Millburn Ridgefield Corp increased its stake in Invesco Global Water ETF by 329.7% during the fourth quarter. Millburn Ridgefield Corp now owns 679 shares of the company’s stock worth $27,000 after acquiring an additional 521 shares during the last quarter. International Assets Investment Management LLC bought a new position in Invesco Global Water ETF during the 4th quarter worth $618,000. Virtu Financial LLC grew its position in Invesco Global Water ETF by 98.8% in the 4th quarter. Virtu Financial LLC now owns 12,356 shares of the company’s stock worth $488,000 after purchasing an additional 6,142 shares during the last quarter. Private Advisor Group LLC increased its position in Invesco Global Water ETF by 20.8% in the 4th quarter. Private Advisor Group LLC now owns 26,919 shares of the company’s stock valued at $1,064,000 after acquiring an additional 4,639 shares during the period. Finally, Holderness Investments Co. bought a new position in shares of Invesco Global Water ETF in the fourth quarter valued at approximately $755,000.

About Invesco Global Water ETF

PowerShares Global Water Portfolio (the Fund) seeks investment results that generally correspond to the price and yield performance of the NASDAQ OMX Global Water Index (the Index). The Fund will invest at least 90% of its total assets in the equity securities that comprise the Index, American depository receipts (ADR) and Global depository receipts (GDR) that are based on the securities in the Index.