Invesco Global Water ETF (NASDAQ:PIO) Shares Down 0.2% – Here’s What Happened

Shares of Invesco Global Water ETF (NASDAQ:PIO) fell 0.2% on Monday . The company traded as low as $45.75 and last traded at $45.90. 11,179 shares were traded during mid-day trading, a decline of 37% from the average session volume of 17,683 shares. The stock had previously closed at $45.97.

Invesco Global Water ETF Trading Down 0.2%

The stock’s 50 day moving average is $44.70 and its 200 day moving average is $44.82. The stock has a market capitalization of $282.29 million, a price-to-earnings ratio of 24.59 and a beta of 1.03.

Invesco Global Water ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.0391 per share. This is a positive change from Invesco Global Water ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Investors Weigh In On Invesco Global Water ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its position in Invesco Global Water ETF by 29.9% during the first quarter. Comerica Bank now owns 1,955 shares of the company’s stock worth $78,000 after buying an additional 450 shares in the last quarter. Jones Financial Companies Lllp increased its position in Invesco Global Water ETF by 614.1% during the 1st quarter. Jones Financial Companies Lllp now owns 13,568 shares of the company’s stock worth $544,000 after purchasing an additional 11,668 shares in the last quarter. Farther Finance Advisors LLC increased its position in Invesco Global Water ETF by 37,222.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,359 shares of the company’s stock worth $150,000 after purchasing an additional 3,350 shares in the last quarter. 1 North Wealth Services LLC raised its stake in Invesco Global Water ETF by 10,281.3% in the 2nd quarter. 1 North Wealth Services LLC now owns 31,559 shares of the company’s stock valued at $1,410,000 after purchasing an additional 31,255 shares during the last quarter. Finally, Capital Wealth Alliance LLC lifted its holdings in Invesco Global Water ETF by 26.1% in the 2nd quarter. Capital Wealth Alliance LLC now owns 24,381 shares of the company’s stock valued at $1,089,000 after purchasing an additional 5,046 shares in the last quarter.

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.