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

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $63.59 and traded as high as $66.44. Invesco S&P Global Water Index ETF shares last traded at $65.81, with a volume of 73,915 shares changing hands.

Invesco S&P Global Water Index ETF Price Performance

The company’s 50-day moving average price is $63.60 and its 200-day moving average price is $64.70. The company has a market cap of $1.06 billion, a P/E ratio of 21.45 and a beta of 0.91.

Hedge Funds Weigh In On Invesco S&P Global Water Index ETF

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of Invesco S&P Global Water Index ETF by 511.8% in the 1st quarter. Jane Street Group LLC now owns 34,205 shares of the company’s stock valued at $1,905,000 after acquiring an additional 28,614 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Invesco S&P Global Water Index ETF by 3.6% during the second quarter. JPMorgan Chase & Co. now owns 7,561 shares of the company’s stock valued at $473,000 after purchasing an additional 264 shares during the last quarter. Raymond James Financial Inc. boosted its position in Invesco S&P Global Water Index ETF by 32.3% during the second 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 during the last quarter. Ameriprise Financial Inc. grew its stake in Invesco S&P Global Water Index ETF by 14.4% in the second 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 in the last quarter. Finally, Bank of America Corp DE grew its stake in Invesco S&P Global Water Index ETF by 33.4% in the second quarter. Bank of America Corp DE now owns 423,184 shares of the company’s stock valued at $26,449,000 after purchasing an additional 106,023 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.