Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Reaches New 1-Year High – Time to Buy?

Shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGW) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $66.78 and last traded at $66.2450, with a volume of 15913 shares trading hands. The stock had previously closed at $65.93.

Invesco S&P Global Water Index ETF Trading Up 0.5%

The stock’s 50 day moving average price is $64.38 and its 200 day moving average price is $64.00. The company has a market capitalization of $1.04 billion, 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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Great Diamond Partners LLC increased its holdings in Invesco S&P Global Water Index ETF by 4.2% during the third quarter. Great Diamond Partners LLC now owns 3,917 shares of the company’s stock worth $252,000 after buying an additional 157 shares during the last quarter. Balanced Rock Investment Advisors LLC lifted its stake in Invesco S&P Global Water Index ETF by 1.7% in the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 10,719 shares of the company’s stock valued at $670,000 after purchasing an additional 180 shares during the last quarter. TPG Advisors LLC grew its holdings in Invesco S&P Global Water Index ETF by 2.8% during the fourth quarter. TPG Advisors LLC now owns 7,104 shares of the company’s stock worth $448,000 after purchasing an additional 192 shares during the period. CWM LLC increased its position in Invesco S&P Global Water Index ETF by 7.9% during the second quarter. CWM LLC now owns 2,668 shares of the company’s stock worth $167,000 after buying an additional 195 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in Invesco S&P Global Water Index ETF by 2.8% in the third quarter. Kestra Private Wealth Services LLC now owns 9,206 shares of the company’s stock valued at $591,000 after buying an additional 247 shares during the period.

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.