Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $64.04 and traded as low as $63.51. Invesco S&P Global Water Index ETF shares last traded at $63.66, with a volume of 36,363 shares traded.

Invesco S&P Global Water Index ETF Stock Performance

The stock’s fifty day moving average price is $64.04 and its 200-day moving average price is $63.41. The firm has a market cap of $985.46 million, a PE ratio of 21.45 and a beta of 1.00.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rosenberg Matthew Hamilton boosted its stake in shares of Invesco S&P Global Water Index ETF by 103.9% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 838 shares of the company’s stock worth $52,000 after acquiring an additional 427 shares in the last quarter. Mather Group LLC. acquired a new position in Invesco S&P Global Water Index ETF during the third quarter worth $57,000. Perritt Capital Management Inc purchased a new stake in Invesco S&P Global Water Index ETF during the third quarter worth $68,000. TD Private Client Wealth LLC acquired a new stake in Invesco S&P Global Water Index ETF in the second quarter valued at $71,000. Finally, AE Wealth Management LLC increased its position in shares of Invesco S&P Global Water Index ETF by 38.3% in the third quarter. AE Wealth Management LLC now owns 1,411 shares of the company’s stock valued at $91,000 after buying an additional 391 shares in the last quarter.

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. 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.