Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Hits New 52-Week High – Should You Buy?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW)’s share price hit a new 52-week high on Tuesday . The company traded as high as $68.75 and last traded at $68.5990, with a volume of 8228 shares trading hands. The stock had previously closed at $68.15.

Invesco S&P Global Water Index ETF Trading Up 0.8%

The business has a fifty day simple moving average of $65.41 and a two-hundred day simple moving average of $64.51. The company has a market cap of $1.09 billion, a PE ratio of 21.45 and a beta of 1.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in 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 buying an additional 195 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco S&P Global Water Index ETF by 16.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 39,999 shares of the company’s stock worth $2,500,000 after acquiring an additional 5,691 shares during the period. Beta Wealth Group Inc. acquired a new position in shares of Invesco S&P Global Water Index ETF during the 2nd quarter valued at about $440,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Invesco S&P Global Water Index ETF by 1.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 83,171 shares of the company’s stock valued at $5,198,000 after purchasing an additional 1,410 shares during the period. Finally, HighTower Advisors LLC increased its position in Invesco S&P Global Water Index ETF by 42.1% during the third quarter. HighTower Advisors LLC now owns 81,815 shares of the company’s stock worth $5,256,000 after purchasing an additional 24,231 shares during the last quarter.

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.