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

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) shares saw unusually-high trading volume on Tuesday . Approximately 45,737 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 29,443 shares.The stock last traded at $64.2350 and had previously closed at $64.38.

Invesco S&P Global Water Index ETF Stock Performance

The company has a market capitalization of $996.32 million, a price-to-earnings ratio of 21.45 and a beta of 1.00. The firm has a fifty day moving average price of $63.75 and a 200-day moving average price of $63.64.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGW. CIBC Bancorp USA Inc. bought a new position in shares of Invesco S&P Global Water Index ETF in the 3rd quarter valued at $452,000. Advisory Services Network LLC bought a new stake in shares of Invesco S&P Global Water Index ETF during the 3rd quarter worth $111,000. Conservest Capital Advisors Inc. boosted its stake in Invesco S&P Global Water Index ETF by 0.3% in the third quarter. Conservest Capital Advisors Inc. now owns 506,059 shares of the company’s stock valued at $32,509,000 after buying an additional 1,754 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Invesco S&P Global Water Index ETF by 2.8% in the third quarter. Kestra Private Wealth Services LLC now owns 9,206 shares of the company’s stock valued at $591,000 after buying an additional 247 shares in the last quarter. Finally, Perritt Capital Management Inc bought a new position in Invesco S&P Global Water Index ETF in the third quarter valued at about $68,000.

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.