Invesco Global Water ETF (NASDAQ:PIO) Shares Down 1.5% – Here’s What Happened

Invesco Global Water ETF (NASDAQ:PIO)’s stock price fell 1.5% on Friday. The stock traded as low as $43.85 and last traded at $43.82. Approximately 2,743 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 10,160 shares. The stock had previously closed at $44.47.

Invesco Global Water ETF Stock Down 1.5%

The company has a market cap of $265.11 million, a PE ratio of 24.59 and a beta of 0.98. The business’s fifty day moving average is $43.96 and its 200-day moving average is $44.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. bought a new stake in Invesco Global Water ETF during the first quarter valued at about $31,000. Trust Co. of Vermont purchased a new stake in Invesco Global Water ETF in the second quarter worth about $40,000. Integrated Wealth Concepts LLC purchased a new stake in Invesco Global Water ETF in the second quarter worth about $45,000. CI Investments Inc. raised its stake in shares of Invesco Global Water ETF by 11.5% in the first quarter. CI Investments Inc. now owns 11,607 shares of the company’s stock worth $504,000 after buying an additional 1,200 shares during the period. Finally, Manchester Capital Management LLC bought a new position in shares of Invesco Global Water ETF in the third quarter worth about $52,000.

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.