Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Large Volume Increase – Should You Buy?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) shares saw strong trading volume on Tuesday . 125,936 shares were traded during trading, an increase of 230% from the previous session’s volume of 38,168 shares.The stock last traded at $66.4710 and had previously closed at $66.12.

Invesco S&P Global Water Index ETF Price Performance

The firm has a market capitalization of $1.04 billion, a P/E ratio of 21.45 and a beta of 1.00. The firm’s 50 day moving average is $63.99 and its two-hundred day moving average is $63.83.

Institutional Trading of Invesco S&P Global Water Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in shares of Invesco S&P Global Water Index ETF by 511.8% during the 1st quarter. Jane Street Group LLC now owns 34,205 shares of the company’s stock worth $1,905,000 after acquiring an additional 28,614 shares during the period. Park Avenue Securities LLC acquired a new stake in Invesco S&P Global Water Index ETF during the 2nd quarter valued at $296,000. TD Private Client Wealth LLC bought a new position in Invesco S&P Global Water Index ETF during the second quarter worth $71,000. Truist Financial Corp acquired a new position in shares of Invesco S&P Global Water Index ETF in the second quarter valued at $204,000. Finally, PFG Investments LLC bought a new position in shares of Invesco S&P Global Water Index ETF in the second quarter valued at about $269,000.

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. 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.