Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Unusually-High Trading Volume – Still a Buy?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) saw unusually-strong trading volume on Monday . Approximately 61,784 shares changed hands during trading, an increase of 70% from the previous session’s volume of 36,287 shares.The stock last traded at $54.81 and had previously closed at $55.21.

Invesco S&P Global Water Index ETF Trading Up 0.3 %

The firm has a market cap of $965.60 million, a PE ratio of 28.12 and a beta of 0.90. The company has a 50 day moving average price of $55.78 and a 200 day moving average price of $57.94.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in shares of Invesco S&P Global Water Index ETF by 46.6% during the 2nd quarter. Bank of Montreal Can now owns 6,728 shares of the company’s stock worth $383,000 after purchasing an additional 2,140 shares in the last quarter. Creative Planning increased its position in Invesco S&P Global Water Index ETF by 3.4% during the second quarter. Creative Planning now owns 6,504 shares of the company’s stock worth $360,000 after buying an additional 211 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco S&P Global Water Index ETF in the second quarter worth $557,000. Raymond James & Associates lifted its position in shares of Invesco S&P Global Water Index ETF by 3.0% in the third quarter. Raymond James & Associates now owns 90,158 shares of the company’s stock valued at $5,518,000 after acquiring an additional 2,652 shares in the last quarter. Finally, Koss Olinger Consulting LLC boosted its stake in shares of Invesco S&P Global Water Index ETF by 1.9% during the third quarter. Koss Olinger Consulting LLC now owns 59,339 shares of the company’s stock valued at $3,632,000 after acquiring an additional 1,109 shares during 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.