Invesco Global Water ETF (NASDAQ:PIO) Trading Down 0.2% – What’s Next?

Invesco Global Water ETF (NASDAQ:PIO) traded down 0.2% during trading on Monday . The company traded as low as $45.75 and last traded at $45.90. 11,179 shares changed hands during trading, a decline of 37% from the average session volume of 17,683 shares. The stock had previously closed at $45.97.

Invesco Global Water ETF Price Performance

The firm has a market cap of $282.29 million, a price-to-earnings ratio of 24.59 and a beta of 1.03. The business’s 50-day moving average price is $44.70 and its two-hundred day moving average price is $44.82.

Invesco Global Water ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.0391 dividend. This is a boost from Invesco Global Water ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 22nd. This represents a $0.16 annualized dividend and a yield of 0.3%.

Institutional Investors Weigh In On Invesco Global Water ETF

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Invesco Global Water ETF by 37,222.2% during the second quarter. Farther Finance Advisors LLC now owns 3,359 shares of the company’s stock valued at $150,000 after buying an additional 3,350 shares in the last quarter. Capital Wealth Alliance LLC increased its position in shares of Invesco Global Water ETF by 26.1% in the second quarter. Capital Wealth Alliance LLC now owns 24,381 shares of the company’s stock worth $1,089,000 after acquiring an additional 5,046 shares in the last quarter. 1 North Wealth Services LLC raised its stake in shares of Invesco Global Water ETF by 10,281.3% in the 2nd quarter. 1 North Wealth Services LLC now owns 31,559 shares of the company’s stock valued at $1,410,000 after acquiring an additional 31,255 shares during the period. Mather Group LLC. acquired a new position in shares of Invesco Global Water ETF during the 3rd quarter valued at $82,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Invesco Global Water ETF during the 3rd quarter valued at $235,000.

Invesco Global Water ETF Company Profile

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. The Index consisted of companies listed on exchanges in Australia, Bermuda, Brazil, Canada, Chile, China, Egypt, France, Hong Kong, India, Indonesia, Israel, Luxembourg, Malaysia, Mexico, Poland, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan and the United States.