Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Reaches New 12-Month High – Here’s Why

Invesco S&P Global Water Index ETF (NYSEARCA:CGW)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $68.75 and last traded at $68.5990, with a volume of 8228 shares trading hands. The stock had previously closed at $68.15.

Invesco S&P Global Water Index ETF Price Performance

The business has a fifty day moving average of $65.41 and a 200 day moving average of $64.51. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 21.45 and a beta of 1.00.

Institutional Investors Weigh In On Invesco S&P Global Water Index ETF

Institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in Invesco S&P Global Water Index ETF during the 4th quarter valued at about $32,000. REAP Financial Group LLC acquired a new position in shares of Invesco S&P Global Water Index ETF in the fourth quarter worth $32,000. NewEdge Advisors LLC raised its stake in shares of Invesco S&P Global Water Index ETF by 567.6% in the fourth quarter. NewEdge Advisors LLC now owns 681 shares of the company’s stock valued at $43,000 after acquiring an additional 579 shares in the last quarter. Mather Group LLC. purchased a new position in Invesco S&P Global Water Index ETF in the third quarter valued at $57,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco S&P Global Water Index ETF during the third quarter worth approximately $68,000.

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. 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.