Invesco Global Water ETF (NASDAQ:PIO) Trading Down 2.2% – Here’s What Happened

Invesco Global Water ETF (NASDAQ:PIO) shares traded down 2.2% during trading on Thursday . The company traded as low as $45.52 and last traded at $45.77. 5,315 shares changed hands during trading, a decline of 67% from the average session volume of 16,272 shares. The stock had previously closed at $46.80.

Invesco Global Water ETF Stock Performance

The stock has a fifty day simple moving average of $46.67 and a two-hundred day simple moving average of $45.50. The stock has a market capitalization of $286.06 million, a price-to-earnings ratio of 24.59 and a beta of 1.03.

Invesco Global Water ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.0391 dividend. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco Global Water ETF’s previous quarterly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%.

Hedge Funds Weigh In On Invesco Global Water ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of Invesco Global Water ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 479,589 shares of the company’s stock valued at $21,531,000 after acquiring an additional 5,298 shares during the period. 1832 Asset Management L.P. increased its stake in Invesco Global Water ETF by 1.1% in the second quarter. 1832 Asset Management L.P. now owns 373,637 shares of the company’s stock valued at $16,690,000 after purchasing an additional 4,145 shares in the last quarter. CW Advisors LLC raised its holdings in shares of Invesco Global Water ETF by 2.4% during the second quarter. CW Advisors LLC now owns 189,558 shares of the company’s stock valued at $8,468,000 after purchasing an additional 4,451 shares during the period. UBS Group AG boosted its position in shares of Invesco Global Water ETF by 4.2% during the 3rd quarter. UBS Group AG now owns 111,290 shares of the company’s stock worth $4,996,000 after purchasing an additional 4,481 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Invesco Global Water ETF by 198.0% during the 3rd quarter. Citadel Advisors LLC now owns 66,120 shares of the company’s stock worth $2,968,000 after purchasing an additional 43,929 shares in the last quarter.

About Invesco Global Water ETF

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.