Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGW) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $63.65 and traded as high as $64.20. Invesco S&P Global Water Index ETF shares last traded at $64.15, with a volume of 16,353 shares traded.

Invesco S&P Global Water Index ETF Stock Up 0.5%

The stock has a 50-day simple moving average of $63.60 and a 200 day simple moving average of $64.62. The company has a market cap of $1.05 billion, a PE ratio of 21.45 and a beta of 0.92.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of Invesco S&P Global Water Index ETF by 8.1% during the first quarter. Bank of America Corp DE now owns 480,777 shares of the company’s stock valued at $30,741,000 after acquiring an additional 36,084 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of 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 worth $3,838,000 after acquiring an additional 328 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Invesco S&P Global Water Index ETF in the 1st quarter worth approximately $2,677,000. The Manufacturers Life Insurance Company purchased a new position in shares of Invesco S&P Global Water Index ETF during the 1st quarter worth approximately $1,602,000. Finally, Hilltop Holdings Inc. purchased a new position in shares of Invesco S&P Global Water Index ETF during the 1st quarter worth approximately $1,100,000.

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.