Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Large Volume Increase – Should You Buy?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) saw unusually-strong trading volume on Friday . Approximately 30,219 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 35,490 shares.The stock last traded at $55.01 and had previously closed at $55.04.

Invesco S&P Global Water Index ETF Stock Performance

The company’s fifty day simple moving average is $58.24 and its 200-day simple moving average is $58.36. The company has a market capitalization of $955.28 million, a P/E ratio of 28.12 and a beta of 0.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CGW. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P Global Water Index ETF during the 2nd quarter worth $99,000. Summit Financial LLC boosted its holdings in Invesco S&P Global Water Index ETF by 7.6% in the 2nd quarter. Summit Financial LLC now owns 4,015 shares of the company’s stock valued at $222,000 after purchasing an additional 285 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Invesco S&P Global Water Index ETF in the 2nd quarter valued at approximately $85,000. Addison Advisors LLC increased its holdings in shares of Invesco S&P Global Water Index ETF by 4.7% during the 2nd quarter. Addison Advisors LLC now owns 88,526 shares of the company’s stock worth $4,895,000 after buying an additional 3,962 shares during the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of Invesco S&P Global Water Index ETF during the 2nd quarter valued at approximately $3,220,000.

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.