Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Reaches New 52-Week High – What’s Next?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $66.10 and last traded at $65.9910, with a volume of 11564 shares traded. The stock had previously closed at $65.43.

Invesco S&P Global Water Index ETF Price Performance

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 21.45 and a beta of 1.00. The stock has a 50 day moving average price of $63.85 and a two-hundred day moving average price of $63.74.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CGW. RFG Advisory LLC purchased a new position in Invesco S&P Global Water Index ETF in the 2nd quarter valued at approximately $248,000. CWM LLC increased its position in shares of Invesco S&P Global Water Index ETF by 7.9% during the second quarter. CWM LLC now owns 2,668 shares of the company’s stock worth $167,000 after acquiring an additional 195 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Invesco S&P Global Water Index ETF in the second quarter valued at $296,000. Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P Global Water Index ETF by 16.6% in the second quarter. Envestnet Asset Management Inc. now owns 39,999 shares of the company’s stock valued at $2,500,000 after acquiring an additional 5,691 shares in the last quarter. Finally, Beta Wealth Group Inc. purchased a new position in Invesco S&P Global Water Index ETF in the second quarter valued at $440,000.

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.