Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Strong Trading Volume – What’s Next?

Shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGWGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 78,639 shares traded hands during mid-day trading, an increase of 135% from the previous session’s volume of 33,504 shares.The stock last traded at $55.91 and had previously closed at $55.69.

Invesco S&P Global Water Index ETF Stock Up 0.5 %

The stock’s fifty day moving average is $55.58 and its two-hundred day moving average is $57.17. The firm has a market capitalization of $897.44 million, a price-to-earnings ratio of 17.85 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CGW. Legacy Bridge LLC acquired a new position in Invesco S&P Global Water Index ETF in the 4th quarter valued at about $27,000. TD Private Client Wealth LLC grew its position in shares of Invesco S&P Global Water Index ETF by 509.3% in the third quarter. TD Private Client Wealth LLC now owns 658 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the last quarter. Mather Group LLC. increased its stake in shares of Invesco S&P Global Water Index ETF by 82.3% during the fourth quarter. Mather Group LLC. now owns 886 shares of the company’s stock worth $48,000 after purchasing an additional 400 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in Invesco S&P Global Water Index ETF during the 4th quarter worth approximately $55,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Invesco S&P Global Water Index ETF by 122.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,066 shares of the company’s stock valued at $58,000 after purchasing an additional 586 shares during the period.

About Invesco S&P Global Water Index ETF

(Get Free Report)

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.

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