Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGW) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $64.71 and traded as low as $63.81. Invesco S&P Global Water Index ETF shares last traded at $63.91, with a volume of 25,446 shares traded.

Invesco S&P Global Water Index ETF Trading Down 0.9%

The firm’s 50-day moving average is $63.94 and its two-hundred day moving average is $64.71. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 21.45 and a beta of 0.90.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Invesco S&P Global Water Index ETF by 31.2% in the first quarter. PNC Financial Services Group Inc. now owns 741 shares of the company’s stock worth $47,000 after acquiring an additional 176 shares during the last quarter. Corient Private Wealth LLC raised its stake in Invesco S&P Global Water Index ETF by 2.9% in the 4th quarter. Corient Private Wealth LLC now owns 7,185 shares of the company’s stock valued at $453,000 after purchasing an additional 204 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Invesco S&P Global Water Index ETF by 3.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,238 shares of the company’s stock valued at $591,000 after purchasing an additional 281 shares in the last quarter. Gould Asset Management LLC CA lifted its holdings in Invesco S&P Global Water Index ETF by 5.9% in the 1st quarter. Gould Asset Management LLC CA now owns 5,300 shares of the company’s stock valued at $339,000 after purchasing an additional 295 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Invesco S&P Global Water Index ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 60,023 shares of the company’s stock valued at $3,838,000 after purchasing an additional 328 shares in 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. 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.