Invesco Global Water ETF (NASDAQ:PIO) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Invesco Global Water ETF (NASDAQ:PIO) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $41.36 and traded as low as $41.31. Invesco Global Water ETF shares last traded at $41.38, with a volume of 4,071 shares changing hands.

Invesco Global Water ETF Trading Down 1.0 %

The stock has a 50-day simple moving average of $41.48 and a 200-day simple moving average of $41.36. The company has a market capitalization of $275.18 million, a price-to-earnings ratio of 28.91 and a beta of 0.96.

Invesco Global Water ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Investors Weigh In On Invesco Global Water ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its position in shares of Invesco Global Water ETF by 1.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,852 shares of the company’s stock valued at $721,000 after acquiring an additional 299 shares in the last quarter. Vima LLC increased its position in Invesco Global Water ETF by 5.4% in the third quarter. Vima LLC now owns 7,068 shares of the company’s stock worth $304,000 after buying an additional 365 shares during the period. US Bancorp DE increased its position in Invesco Global Water ETF by 73.0% in the third quarter. US Bancorp DE now owns 1,989 shares of the company’s stock worth $86,000 after buying an additional 839 shares during the period. Mather Group LLC. acquired a new stake in Invesco Global Water ETF in the third quarter worth $79,000. Finally, Bristlecone Advisors LLC acquired a new stake in Invesco Global Water ETF in the third quarter worth $28,000.

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.