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

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) shares saw unusually-high trading volume on Monday . Approximately 21,271 shares traded hands during mid-day trading, a decline of 43% from the previous session’s volume of 37,054 shares.The stock last traded at $60.37 and had previously closed at $60.61.

Invesco S&P Global Water Index ETF Stock Performance

The company’s fifty day simple moving average is $59.56 and its two-hundred day simple moving average is $57.77. The stock has a market capitalization of $1.05 billion, a P/E ratio of 28.12 and a beta of 0.90.

Hedge Funds Weigh In On Invesco S&P Global Water Index ETF

A number of large investors have recently made changes to their positions in CGW. BNP Paribas Financial Markets raised its stake in Invesco S&P Global Water Index ETF by 45.1% in the 1st quarter. BNP Paribas Financial Markets now owns 26,404 shares of the company’s stock worth $1,466,000 after purchasing an additional 8,213 shares in the last quarter. US Bancorp DE boosted its stake in shares of Invesco S&P Global Water Index ETF by 0.8% in the first quarter. US Bancorp DE now owns 35,058 shares of the company’s stock valued at $1,947,000 after buying an additional 265 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Invesco S&P Global Water Index ETF by 67.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,597 shares of the company’s stock valued at $366,000 after buying an additional 2,658 shares during the period. Mather Group LLC. acquired a new stake in Invesco S&P Global Water Index ETF during the first quarter worth approximately $26,000. Finally, Sanctuary Advisors LLC bought a new position in Invesco S&P Global Water Index ETF during the 2nd quarter worth $557,000.

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.