Invesco Global Water ETF (NASDAQ:PIO) Stock Price Down 1.3% – Time to Sell?

Shares of Invesco Global Water ETF (NASDAQ:PIO) dropped 1.3% during trading on Friday . The company traded as low as $44.22 and last traded at $44.29. Approximately 8,871 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 12,103 shares. The stock had previously closed at $44.87.

Invesco Global Water ETF Trading Down 1.3%

The company has a market cap of $270.17 million, a PE ratio of 24.59 and a beta of 1.00. The firm’s 50-day simple moving average is $44.43 and its two-hundred day simple moving average is $45.34.

Invesco Global Water ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.3062 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.8%.

Hedge Funds Weigh In On Invesco Global Water ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PIO. Citadel Advisors LLC grew its stake in Invesco Global Water ETF by 198.0% during the 3rd quarter. Citadel Advisors LLC now owns 66,120 shares of the company’s stock valued at $2,968,000 after purchasing an additional 43,929 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco Global Water ETF by 2.9% during the first quarter. Bank of America Corp DE now owns 499,330 shares of the company’s stock worth $21,681,000 after purchasing an additional 13,958 shares during the period. Jones Financial Companies Lllp boosted its position in Invesco Global Water ETF by 614.1% in the first quarter. Jones Financial Companies Lllp now owns 13,568 shares of the company’s stock valued at $544,000 after buying an additional 11,668 shares during the last quarter. Regal Investment Advisors LLC boosted its position in Invesco Global Water ETF by 120.7% in the third quarter. Regal Investment Advisors LLC now owns 17,115 shares of the company’s stock valued at $768,000 after buying an additional 9,360 shares during the last quarter. Finally, Equitable Holdings Inc. acquired a new position in Invesco Global Water ETF in the 4th quarter worth approximately $270,000.

About Invesco Global Water ETF

PowerShares Global Water Portfolio (the Fund) seeks investment results that generally correspond to the price and yield performance of the NASDAQ OMX Global Water Index (the Index). The Fund will invest at least 90% of its total assets in the equity securities that comprise the Index, American depository receipts (ADR) and Global depository receipts (GDR) that are based on the securities in the Index. The Index consisted of companies listed on exchanges in Australia, Bermuda, Brazil, Canada, Chile, China, Egypt, France, Hong Kong, India, Indonesia, Israel, Luxembourg, Malaysia, Mexico, Poland, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan and the United States.