Invesco Global Water ETF (NASDAQ:PIO) Stock Price Down 1.3% – Time to Sell?

Shares of Invesco Global Water ETF (NASDAQ:PIO) traded down 1.3% during trading on Friday . The stock traded as low as $44.22 and last traded at $44.29. 8,871 shares changed hands during trading, a decline of 27% from the average daily volume of 12,103 shares. The stock had previously closed at $44.87.

Invesco Global Water ETF Stock Down 1.3%

The business’s 50-day simple moving average is $44.43 and its two-hundred day simple moving average is $45.34. The firm has a market cap of $270.17 million, a price-to-earnings ratio of 24.59 and a beta of 1.00.

Invesco Global Water ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.3062 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.22 dividend on an annualized basis and a yield of 2.8%.

Institutional Trading of Invesco Global Water ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PIO. Stifel Financial Corp raised its stake in shares of Invesco Global Water ETF by 0.7% during the 4th quarter. Stifel Financial Corp now owns 48,251 shares of the company’s stock worth $2,130,000 after buying an additional 351 shares during the period. Ameriprise Financial Inc. increased its holdings in Invesco Global Water ETF by 4.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,663 shares of the company’s stock worth $434,000 after acquiring an additional 423 shares in the last quarter. Comerica Bank raised 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 acquiring an additional 450 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco Global Water ETF by 26.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the company’s stock valued at $103,000 after purchasing an additional 488 shares in the last quarter. Finally, Regal Investment Advisors LLC lifted its holdings in Invesco Global Water ETF by 3.7% during the fourth quarter. Regal Investment Advisors LLC now owns 17,751 shares of the company’s stock valued at $784,000 after purchasing an additional 636 shares in the last quarter.

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.