Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $64.86 and traded as low as $64.79. Invesco S&P Global Water Index ETF shares last traded at $65.11, with a volume of 14,540 shares.

Invesco S&P Global Water Index ETF Price Performance

The stock has a market cap of $1.05 billion, a P/E ratio of 21.45 and a beta of 0.91. The business’s fifty day moving average price is $63.75 and its 200 day moving average price is $64.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Balanced Rock Investment Advisors LLC boosted its holdings in Invesco S&P Global Water Index ETF by 1.5% in the fourth quarter. Balanced Rock Investment Advisors LLC now owns 11,162 shares of the company’s stock valued at $703,000 after acquiring an additional 170 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Invesco S&P Global Water Index ETF by 31.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 741 shares of the company’s stock worth $47,000 after purchasing an additional 176 shares during the last quarter. TPG Advisors LLC raised its holdings in Invesco S&P Global Water Index ETF by 2.8% during the 4th quarter. TPG Advisors LLC now owns 7,104 shares of the company’s stock worth $448,000 after purchasing an additional 192 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Invesco S&P Global Water Index ETF by 2.9% in the 4th quarter. Corient Private Wealth LLC now owns 7,185 shares of the company’s stock worth $453,000 after purchasing an additional 204 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in shares of Invesco S&P Global Water Index ETF by 0.4% in the 4th quarter. Bleakley Financial Group LLC now owns 67,451 shares of the company’s stock worth $4,250,000 after purchasing an additional 244 shares during the period.

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.