Invesco Global Water ETF (NASDAQ:PIO) Shares Up 0.8% – Still a Buy?

Shares of Invesco Global Water ETF (NASDAQ:PIO) shot up 0.8% on Monday . The company traded as high as $47.06 and last traded at $46.99. 7,678 shares changed hands during trading, a decline of 25% from the average session volume of 10,218 shares. The stock had previously closed at $46.61.

Invesco Global Water ETF Trading Up 0.8%

The firm has a fifty day simple moving average of $45.25 and a 200 day simple moving average of $45.03. The stock has a market cap of $293.69 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 declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.0391 dividend. This is a boost 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 annualized dividend and a yield of 0.3%.

Hedge Funds Weigh In On Invesco Global Water ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont raised its position in Invesco Global Water ETF by 475.3% in the fourth quarter. Trust Co. of Vermont now owns 863 shares of the company’s stock worth $38,000 after purchasing an additional 713 shares in the last quarter. Holos Integrated Wealth LLC bought a new stake in shares of Invesco Global Water ETF in the 4th quarter valued at approximately $68,000. Mather Group LLC. acquired a new position in shares of Invesco Global Water ETF in the 3rd quarter worth approximately $82,000. Comerica Bank raised its holdings in shares of Invesco Global Water ETF by 29.9% in the 1st 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. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Global Water ETF by 26.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the company’s stock worth $103,000 after buying an additional 488 shares during the period.

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.