Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Reaches New 1-Year Low – Should You Sell?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) hit a new 52-week low on Monday . The stock traded as low as $51.04 and last traded at $51.07, with a volume of 29282 shares traded. The stock had previously closed at $53.27.

Invesco S&P Global Water Index ETF Stock Performance

The stock has a market cap of $816.39 million, a PE ratio of 17.87 and a beta of 0.96. The stock has a fifty day moving average price of $55.64 and a 200 day moving average price of $57.04.

Hedge Funds Weigh In On Invesco S&P Global Water Index ETF

Hedge funds have recently added to or reduced their stakes in the stock. Legacy Bridge LLC purchased a new position in shares of Invesco S&P Global Water Index ETF in the 4th quarter valued at $27,000. TD Private Client Wealth LLC raised its stake in shares of Invesco S&P Global Water Index ETF by 509.3% in the third quarter. TD Private Client Wealth LLC now owns 658 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares during the last quarter. Mather Group LLC. lifted its stake in Invesco S&P Global Water Index ETF by 82.3% during the 4th quarter. Mather Group LLC. now owns 886 shares of the company’s stock valued at $48,000 after acquiring an additional 400 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in shares of Invesco S&P Global Water Index ETF in the 4th quarter valued at $55,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Invesco S&P Global Water Index ETF by 122.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,066 shares of the company’s stock valued at $58,000 after purchasing an additional 586 shares during the last quarter.

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.