Addison Advisors LLC Buys New Shares in Invesco S&P Global Water Index ETF $CGW

Addison Advisors LLC purchased a new position in Invesco S&P Global Water Index ETF (NYSEARCA:CGW) in the third quarter, HoldingsChannel reports. The fund purchased 43,259 shares of the company’s stock, valued at approximately $2,697,000. Invesco S&P Global Water Index ETF makes up about 1.2% of Addison Advisors LLC’s portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in CGW. Joel Isaacson & Co. LLC acquired a new stake in Invesco S&P Global Water Index ETF in the 3rd quarter valued at approximately $249,000. Lido Advisors LLC acquired a new stake in shares of Invesco S&P Global Water Index ETF in the third quarter valued at $221,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Invesco S&P Global Water Index ETF by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,584 shares of the company’s stock valued at $162,000 after buying an additional 309 shares during the period. StoneX Group Inc. acquired a new stake in shares of Invesco S&P Global Water Index ETF in the third quarter valued at $433,000. Finally, Parallel Advisors LLC bought a new position in Invesco S&P Global Water Index ETF during the third quarter valued at about $429,000.

Invesco S&P Global Water Index ETF Stock Up 0.4%

NYSEARCA:CGW opened at $65.18 on Friday. The business’s 50-day moving average price is $63.96 and its 200 day moving average price is $64.70. The firm has a market cap of $1.06 billion, a P/E ratio of 22.65 and a beta of 0.90. Invesco S&P Global Water Index ETF has a 52-week low of $61.34 and a 52-week high of $68.92.

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. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor’s Capital IQ industry classification.