Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Invesco S&P Global Water Index ETF (NYSEARCA:CGW)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $64.05 and traded as low as $63.97. Invesco S&P Global Water Index ETF shares last traded at $64.32, with a volume of 47,360 shares traded.

Invesco S&P Global Water Index ETF Price Performance

The company’s 50 day simple moving average is $64.05 and its 200 day simple moving average is $63.30. The firm has a market cap of $995.67 million, a price-to-earnings ratio of 21.45 and a beta of 1.00.

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

A number of hedge funds have recently bought and sold shares of the stock. Conservest Capital Advisors Inc. boosted its stake in shares of Invesco S&P Global Water Index ETF by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 506,059 shares of the company’s stock valued at $32,509,000 after buying an additional 1,754 shares during the period. Bank of America Corp DE lifted its stake in Invesco S&P Global Water Index ETF by 2.2% in the third quarter. Bank of America Corp DE now owns 432,507 shares of the company’s stock worth $27,784,000 after acquiring an additional 9,323 shares during the last quarter. Cetera Investment Advisers grew its holdings in Invesco S&P Global Water Index ETF by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 161,095 shares of the company’s stock worth $10,068,000 after acquiring an additional 1,563 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco S&P Global Water Index ETF by 14.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 151,347 shares of the company’s stock valued at $9,491,000 after purchasing an additional 19,089 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Invesco S&P Global Water Index ETF by 32.3% in the 2nd quarter. Raymond James Financial Inc. now owns 125,003 shares of the company’s stock valued at $7,813,000 after purchasing an additional 30,513 shares in the last quarter.

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.