Invesco Global Water ETF (NASDAQ:PIO – Get Free Report) dropped 1.5% during mid-day trading on Friday. The stock traded as low as $43.85 and last traded at $43.82. Approximately 2,743 shares were traded during trading, a decline of 73% from the average daily volume of 10,160 shares. The stock had previously closed at $44.47.
Invesco Global Water ETF Trading Down 1.5%
The firm has a market capitalization of $265.11 million, a price-to-earnings ratio of 24.59 and a beta of 0.98. The business has a 50-day moving average price of $43.96 and a two-hundred day moving average price of $44.97.
Institutional Trading of Invesco Global Water ETF
Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. acquired a new position in Invesco Global Water ETF during the 1st quarter valued at about $31,000. Trust Co. of Vermont acquired a new position in shares of Invesco Global Water ETF in the 2nd quarter valued at about $40,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Global Water ETF during the second quarter worth approximately $45,000. Manchester Capital Management LLC purchased a new position in Invesco Global Water ETF during the third quarter valued at approximately $52,000. Finally, Adirondack Trust Co. acquired a new position in Invesco Global Water ETF in the 3rd quarter valued at approximately $65,000.
Invesco Global Water ETF Company Profile
PowerShares Global Water Portfolio (the Fund) seeks investment results that generally correspond to the price and yield performance of the NASDAQ OMX Global Water Index (the Index). The Fund will invest at least 90% of its total assets in the equity securities that comprise the Index, American depository receipts (ADR) and Global depository receipts (GDR) that are based on the securities in the Index. The Index consisted of companies listed on exchanges in Australia, Bermuda, Brazil, Canada, Chile, China, Egypt, France, Hong Kong, India, Indonesia, Israel, Luxembourg, Malaysia, Mexico, Poland, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan and the United States.
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