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

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) saw unusually-strong trading volume on Friday . Approximately 22,334 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 32,808 shares.The stock last traded at $52.56 and had previously closed at $53.17.

Invesco S&P Global Water Index ETF Stock Down 1.9 %

The company has a 50 day simple moving average of $57.24 and a two-hundred day simple moving average of $58.19. The company has a market capitalization of $911.76 million, a P/E ratio of 28.12 and a beta of 0.90.

Institutional Trading of Invesco S&P Global Water Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CGW. TPG Advisors LLC purchased a new stake in Invesco S&P Global Water Index ETF in the 2nd quarter worth about $380,000. Bank of Montreal Can raised its holdings in shares of Invesco S&P Global Water Index ETF by 46.6% in the second quarter. Bank of Montreal Can now owns 6,728 shares of the company’s stock worth $383,000 after buying an additional 2,140 shares during the period. Mill Creek Capital Advisors LLC bought a new stake in shares of Invesco S&P Global Water Index ETF during the 2nd quarter worth approximately $1,939,000. Creative Planning lifted its stake in shares of Invesco S&P Global Water Index ETF by 3.4% during the 2nd quarter. Creative Planning now owns 6,504 shares of the company’s stock worth $360,000 after acquiring an additional 211 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P Global Water Index ETF by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 50,868 shares of the company’s stock valued at $2,813,000 after acquiring an additional 1,322 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.