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

Shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGW) saw strong trading volume on Friday . 22,334 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 32,808 shares.The stock last traded at $52.56 and had previously closed at $53.17.

Invesco S&P Global Water Index ETF Price Performance

The company has a 50 day moving average of $57.34 and a 200-day moving average of $58.20. The company has a market capitalization of $913.50 million, a P/E ratio of 28.12 and a beta of 0.90.

Institutional Trading of Invesco S&P Global Water Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pinkerton Retirement Specialists LLC purchased a new position in Invesco S&P Global Water Index ETF during the second quarter valued at $234,000. TPG Advisors LLC bought a new position in shares of Invesco S&P Global Water Index ETF in the 2nd quarter worth about $380,000. Bank of Montreal Can increased its stake in shares of Invesco S&P Global Water Index ETF by 46.6% in the 2nd quarter. Bank of Montreal Can now owns 6,728 shares of the company’s stock worth $383,000 after acquiring an additional 2,140 shares in the last quarter. Mill Creek Capital Advisors LLC purchased a new position in Invesco S&P Global Water Index ETF during the 2nd quarter valued at about $1,939,000. Finally, Creative Planning boosted its stake in Invesco S&P Global Water Index ETF by 3.4% during the second quarter. Creative Planning now owns 6,504 shares of the company’s stock worth $360,000 after acquiring an additional 211 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.