Invesco Global Water ETF (NASDAQ:PIO) Stock Falls 1.5% – Here’s What Happened

Invesco Global Water ETF (NASDAQ:PIO)’s share price was down 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 mid-day 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 company has a market cap of $265.11 million, a P/E ratio of 24.59 and a beta of 0.98. The business’s 50 day simple moving average is $43.96 and its 200 day simple moving average is $44.97.

Institutional Trading of Invesco Global Water ETF

Several institutional investors and hedge funds have recently modified their holdings of PIO. Bank of America Corp DE lifted its stake in shares of Invesco Global Water ETF by 2.9% during the 1st quarter. Bank of America Corp DE now owns 499,330 shares of the company’s stock valued at $21,681,000 after buying an additional 13,958 shares in the last quarter. Advocacy Wealth Management LLC bought a new position in Invesco Global Water ETF in the 2nd quarter worth $1,930,000. Citadel Advisors LLC boosted its holdings in Invesco Global Water ETF by 374.7% in the 2nd quarter. Citadel Advisors LLC now owns 29,825 shares of the company’s stock worth $1,341,000 after buying an additional 23,542 shares during the period. Cetera Investment Advisers boosted its holdings in Invesco Global Water ETF by 7.6% in the 1st quarter. Cetera Investment Advisers now owns 27,749 shares of the company’s stock worth $1,205,000 after buying an additional 1,954 shares during the period. Finally, YHB Investment Advisors Inc. purchased a new stake in Invesco Global Water ETF in the 3rd quarter worth $636,000.

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.