Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Large Volume Increase – Still a Buy?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) shares saw an uptick in trading volume on Friday . 22,334 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 32,808 shares.The stock last traded at $52.56 and had previously closed at $53.17.

Invesco S&P Global Water Index ETF Trading Down 1.7 %

The business has a 50-day moving average of $57.34 and a 200 day moving average of $58.20. The firm has a market capitalization of $913.50 million, a P/E ratio of 28.12 and a beta of 0.90.

Institutional Investors Weigh In On Invesco S&P Global Water Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC boosted its holdings in Invesco S&P Global Water Index ETF by 509.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 658 shares of the company’s stock worth $40,000 after acquiring an additional 550 shares during the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in Invesco S&P Global Water Index ETF in the 2nd quarter worth about $234,000. Nwam LLC purchased a new stake in Invesco S&P Global Water Index ETF in the 3rd quarter valued at about $242,000. Schrum Private Wealth Management LLC lifted its position in shares of Invesco S&P Global Water Index ETF by 38.6% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 5,150 shares of the company’s stock worth $315,000 after buying an additional 1,435 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Invesco S&P Global Water Index ETF by 3.4% in the 2nd quarter. Creative Planning now owns 6,504 shares of the company’s stock worth $360,000 after buying an additional 211 shares during the last quarter.

Invesco S&P Global Water Index ETF Company Profile

Guggenheim S&P Global Water Index ETF (the Fund), formerly Claymore S&P Global Water Index ETF seeks investment results that correspond generally to the performance of an equity index called the S&P Global Water NR Index. The S&P Global Water NR Index consists of approximately 50 equity securities selected based on investment and other criteria, from a universe of companies listed on global developed market exchanges.