Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Large Volume Increase – Here’s Why

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) saw unusually-strong trading volume on Friday . Approximately 54,872 shares traded hands during trading, an increase of 48% from the previous session’s volume of 36,986 shares.The stock last traded at $56.11 and had previously closed at $55.20.

Invesco S&P Global Water Index ETF Stock Performance

The firm has a fifty day moving average price of $55.02 and a 200 day moving average price of $57.39. The stock has a market cap of $906.75 million, a PE ratio of 25.60 and a beta of 1.00.

Institutional Trading of Invesco S&P Global Water Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Comprehensive Money Management Services LLC purchased a new stake in shares of Invesco S&P Global Water Index ETF during the 4th quarter valued at $954,000. Bernard Wealth Management Corp. purchased a new position in Invesco S&P Global Water Index ETF in the 4th quarter worth $79,000. Vermillion Wealth Management Inc. purchased a new position in Invesco S&P Global Water Index ETF in the 4th quarter worth $55,000. GTS Securities LLC raised its stake in Invesco S&P Global Water Index ETF by 50.0% in the 4th quarter. GTS Securities LLC now owns 5,271 shares of the company’s stock worth $286,000 after acquiring an additional 1,758 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in Invesco S&P Global Water Index ETF by 141.8% in the 4th quarter. Focus Partners Wealth now owns 26,282 shares of the company’s stock worth $1,452,000 after acquiring an additional 15,414 shares during 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.