Invesco Global Water ETF (NASDAQ:PIO) Trading Down 2.2% – Time to Sell?

Invesco Global Water ETF (NASDAQ:PIO)’s stock price fell 2.2% on Thursday . The company traded as low as $45.52 and last traded at $45.77. 5,315 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 16,272 shares. The stock had previously closed at $46.80.

Invesco Global Water ETF Stock Down 2.2%

The company’s 50-day moving average is $46.67 and its two-hundred day moving average is $45.50. The company has a market cap of $286.06 million, a P/E ratio of 24.59 and a beta of 1.03.

Invesco Global Water ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.0391 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Invesco Global Water ETF’s previous quarterly dividend of $0.01.

Hedge Funds Weigh In On Invesco Global Water ETF

Several institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in Invesco Global Water ETF during the fourth quarter valued at $33,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Invesco Global Water ETF during the 4th quarter valued at $33,000. Trust Co. of Vermont grew its stake in shares of Invesco Global Water ETF by 475.3% during the 4th quarter. Trust Co. of Vermont now owns 863 shares of the company’s stock worth $38,000 after acquiring an additional 713 shares during the period. Holos Integrated Wealth LLC purchased a new stake in Invesco Global Water ETF in the 4th quarter worth about $68,000. Finally, Comerica Bank increased its holdings in Invesco Global Water ETF by 29.9% in the 1st quarter. Comerica Bank now owns 1,955 shares of the company’s stock worth $78,000 after acquiring an additional 450 shares during the last quarter.

About Invesco Global Water ETF

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.