Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Large Volume Increase – Still a Buy?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) saw unusually-strong trading volume on Friday . Approximately 20,871 shares traded hands during mid-day trading, a decline of 38% from the previous session’s volume of 33,700 shares.The stock last traded at $63.6590 and had previously closed at $63.66.

Invesco S&P Global Water Index ETF Price Performance

The firm has a market cap of $985.22 million, a PE ratio of 21.45 and a beta of 1.00. The business has a 50-day moving average price of $64.02 and a two-hundred day moving average price of $63.41.

Institutional Trading of Invesco S&P Global Water Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Invesco S&P Global Water Index ETF by 33.4% in 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 raised its stake in Invesco S&P Global Water Index ETF by 761.8% during the third quarter. Citadel Advisors LLC now owns 73,001 shares of the company’s stock valued at $4,690,000 after buying an additional 64,530 shares in the last quarter. EWG Elevate Inc. bought a new position in Invesco S&P Global Water Index ETF during the 2nd quarter worth approximately $3,798,000. Grimes & Company Inc. bought a new position in Invesco S&P Global Water Index ETF during the second quarter worth $3,750,000. Finally, Raymond James Financial Inc. boosted its holdings 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 worth $7,813,000 after purchasing an additional 30,513 shares during the period.

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. 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.