Invesco Global Water ETF (NASDAQ:PIO) Trading Down 1.3% – Here’s Why

Invesco Global Water ETF (NASDAQ:PIO)’s stock price dropped 1.3% on Friday . The stock traded as low as $44.22 and last traded at $44.29. Approximately 8,871 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 12,103 shares. The stock had previously closed at $44.87.

Invesco Global Water ETF Trading Down 1.3%

The firm has a market cap of $270.17 million, a price-to-earnings ratio of 24.59 and a beta of 1.00. The stock’s fifty day moving average price is $44.43 and its 200-day moving average price is $45.34.

Invesco Global Water ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.3062 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.22 dividend on an annualized basis and a yield of 2.8%.

Institutional Trading of Invesco Global Water ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its stake in shares of Invesco Global Water ETF by 0.7% in the fourth quarter. Stifel Financial Corp now owns 48,251 shares of the company’s stock worth $2,130,000 after acquiring an additional 351 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco Global Water ETF by 4.6% in the third quarter. Ameriprise Financial Inc. now owns 9,663 shares of the company’s stock valued at $434,000 after purchasing an additional 423 shares during the period. Comerica Bank boosted its holdings in Invesco Global Water ETF by 29.9% in the first quarter. Comerica Bank now owns 1,955 shares of the company’s stock valued at $78,000 after purchasing an additional 450 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco Global Water ETF by 26.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the company’s stock valued at $103,000 after purchasing an additional 488 shares during the period. Finally, Regal Investment Advisors LLC grew its stake in Invesco Global Water ETF by 3.7% during the 4th quarter. Regal Investment Advisors LLC now owns 17,751 shares of the company’s stock worth $784,000 after purchasing an additional 636 shares in the last quarter.

Invesco Global Water ETF Company Profile

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. The Index consisted of companies listed on exchanges in Australia, Bermuda, Brazil, Canada, Chile, China, Egypt, France, Hong Kong, India, Indonesia, Israel, Luxembourg, Malaysia, Mexico, Poland, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan and the United States.