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) shares saw an uptick in trading volume on Monday . 61,784 shares traded hands during trading, an increase of 70% from the previous session’s volume of 36,287 shares.The stock last traded at $54.81 and had previously closed at $55.21.

Invesco S&P Global Water Index ETF Stock Performance

The firm has a market cap of $957.55 million, a price-to-earnings ratio of 28.12 and a beta of 0.90. The business’s 50-day moving average is $55.96 and its 200-day moving average is $57.99.

Institutional Investors Weigh In On Invesco S&P Global Water Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Bridge LLC acquired a new stake in Invesco S&P Global Water Index ETF in the 4th quarter valued at about $27,000. TD Private Client Wealth LLC raised its stake in shares of Invesco S&P Global Water Index ETF by 509.3% during the third quarter. TD Private Client Wealth LLC now owns 658 shares of the company’s stock worth $40,000 after buying an additional 550 shares during the last quarter. Mather Group LLC. raised its stake in shares of Invesco S&P Global Water Index ETF by 82.3% during the fourth quarter. Mather Group LLC. now owns 886 shares of the company’s stock worth $48,000 after buying an additional 400 shares during the last quarter. Clayton Financial Group LLC raised its stake in shares of Invesco S&P Global Water Index ETF by 6.4% during the fourth quarter. Clayton Financial Group LLC now owns 4,398 shares of the company’s stock worth $238,000 after buying an additional 264 shares during the last quarter. Finally, Nwam LLC bought a new stake in shares of Invesco S&P Global Water Index ETF during the third quarter worth approximately $242,000.

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.