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

Shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGW) saw an uptick in trading volume on Tuesday . 38,949 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 33,061 shares.The stock last traded at $56.01 and had previously closed at $55.68.

Invesco S&P Global Water Index ETF Stock Up 0.4 %

The company’s 50-day simple moving average is $55.39 and its 200 day simple moving average is $57.25. The stock has a market capitalization of $896.38 million, a price-to-earnings ratio of 17.85 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CGW. Bank of America Corp DE lifted its holdings in Invesco S&P Global Water Index ETF by 44.7% in the 4th quarter. Bank of America Corp DE now owns 312,571 shares of the company’s stock worth $16,941,000 after purchasing an additional 96,516 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Invesco S&P Global Water Index ETF by 43.1% during the fourth quarter. Wells Fargo & Company MN now owns 155,892 shares of the company’s stock valued at $8,449,000 after purchasing an additional 46,939 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco S&P Global Water Index ETF by 4.6% in the fourth quarter. Ameriprise Financial Inc. now owns 143,897 shares of the company’s stock valued at $7,799,000 after purchasing an additional 6,314 shares during the period. Jane Street Group LLC lifted its stake in shares of Invesco S&P Global Water Index ETF by 271.1% in the third quarter. Jane Street Group LLC now owns 136,784 shares of the company’s stock worth $8,371,000 after buying an additional 99,924 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco S&P Global Water Index ETF during the 4th quarter worth $6,310,000.

Invesco S&P Global Water Index ETF Company Profile

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.