Invesco Global Water ETF (NASDAQ:PIO) Shares Up 0.8% – Here’s Why

Invesco Global Water ETF (NASDAQ:PIO) shares shot up 0.8% during trading on Monday . The stock traded as high as $46.31 and last traded at $46.31. 7,333 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 14,077 shares. The stock had previously closed at $45.96.

Invesco Global Water ETF Trading Up 0.8%

The company’s fifty day simple moving average is $45.64 and its 200 day simple moving average is $45.34. The stock has a market capitalization of $282.49 million, a P/E ratio of 24.59 and a beta of 1.07.

Invesco Global Water ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.0449 dividend. This represents a $0.18 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco Global Water ETF’s previous quarterly dividend of $0.04.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in Invesco Global Water ETF in the 4th quarter valued at $33,000. Intesa Sanpaolo Wealth Management bought a new position in Invesco Global Water ETF in the 4th quarter valued at $33,000. Trust Co. of Vermont boosted its holdings in Invesco Global Water ETF by 475.3% in the 4th quarter. Trust Co. of Vermont now owns 863 shares of the company’s stock valued at $38,000 after purchasing an additional 713 shares during the period. Union Savings Bank bought a new position in Invesco Global Water ETF in the 4th quarter valued at $43,000. Finally, Holos Integrated Wealth LLC bought a new position in Invesco Global Water ETF in the 4th quarter valued at $68,000.

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.