Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Unusually-High Trading Volume – What’s Next?
by Mitch Edgeman · The Markets DailyInvesco S&P Global Water Index ETF (NYSEARCA:CGW – Get Free Report) saw strong trading volume on Monday . 26,053 shares changed hands during trading, an increase of 49% from the previous session’s volume of 17,542 shares.The stock last traded at $63.4740 and had previously closed at $63.61.
Invesco S&P Global Water Index ETF Price Performance
The company has a 50 day moving average of $63.72 and a 200-day moving average of $63.57. The company has a market cap of $989.46 million, a P/E ratio of 21.45 and a beta of 1.00.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CGW. Bank of America Corp DE lifted its position in Invesco S&P Global Water Index ETF by 33.4% during the second quarter. Bank of America Corp DE now owns 423,184 shares of the company’s stock valued at $26,449,000 after purchasing an additional 106,023 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Invesco S&P Global Water Index ETF by 761.8% during the 3rd quarter. Citadel Advisors LLC now owns 73,001 shares of the company’s stock worth $4,690,000 after acquiring an additional 64,530 shares during the last quarter. EWG Elevate Inc. bought a new stake in shares of Invesco S&P Global Water Index ETF during the 2nd quarter worth $3,798,000. Grimes & Company Inc. purchased a new position in Invesco S&P Global Water Index ETF in the second quarter worth $3,750,000. Finally, Raymond James Financial Inc. increased its stake in Invesco S&P Global Water Index ETF by 32.3% in the second quarter. Raymond James Financial Inc. now owns 125,003 shares of the company’s stock valued at $7,813,000 after acquiring an additional 30,513 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. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor’s Capital IQ industry classification.