Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Strong Trading Volume – Time to Buy?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) shares saw an uptick in trading volume on Monday . 21,271 shares were traded during mid-day trading, a decline of 43% from the previous session’s volume of 37,054 shares.The stock last traded at $60.37 and had previously closed at $60.61.

Invesco S&P Global Water Index ETF Stock Down 1.1 %

The stock has a market capitalization of $1.04 billion, a PE ratio of 28.12 and a beta of 0.90. The stock has a fifty day moving average of $59.64 and a 200-day moving average of $57.84.

Institutional Trading of Invesco S&P Global Water Index ETF

Several hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in Invesco S&P Global Water Index ETF during the 1st quarter worth about $26,000. Larson Financial Group LLC purchased a new stake in shares of Invesco S&P Global Water Index ETF during the 2nd quarter worth approximately $85,000. International Assets Investment Management LLC acquired a new position in shares of Invesco S&P Global Water Index ETF in the 2nd quarter valued at $99,000. Glassman Wealth Services grew its position in shares of Invesco S&P Global Water Index ETF by 70.7% in the 1st quarter. Glassman Wealth Services now owns 2,934 shares of the company’s stock valued at $163,000 after buying an additional 1,215 shares during the last quarter. Finally, Summit Financial LLC raised its stake in Invesco S&P Global Water Index ETF by 7.6% during the 2nd quarter. Summit Financial LLC now owns 4,015 shares of the company’s stock worth $222,000 after acquiring an additional 285 shares in the last quarter.

About Invesco S&P Global Water Index ETF

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.