Invesco Global Water ETF (NASDAQ:PIO) Shares Down 2.2% – What’s Next?

Invesco Global Water ETF (NASDAQ:PIO) shares dropped 2.2% on Thursday . The company traded as low as $45.52 and last traded at $45.77. Approximately 5,315 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 16,272 shares. The stock had previously closed at $46.80.

Invesco Global Water ETF Price Performance

The stock has a market capitalization of $282.19 million, a PE ratio of 24.59 and a beta of 1.03. The company has a 50-day moving average of $46.68 and a two-hundred day moving average of $45.49.

Invesco Global Water ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Global Water ETF

Institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new stake in Invesco Global Water ETF during the 4th quarter worth $33,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Invesco Global Water ETF during the fourth quarter worth about $33,000. Trust Co. of Vermont increased its stake in shares of Invesco Global Water ETF by 475.3% in the fourth quarter. Trust Co. of Vermont now owns 863 shares of the company’s stock valued at $38,000 after buying an additional 713 shares during the period. Union Savings Bank bought a new position in Invesco Global Water ETF in the 4th quarter valued at approximately $43,000. Finally, Holos Integrated Wealth LLC acquired a new stake in Invesco Global Water ETF during the 4th quarter worth approximately $68,000.

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. 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.