Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Sees Unusually-High Trading Volume – What’s Next?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) saw unusually-high trading volume on Tuesday . Approximately 78,639 shares changed hands during mid-day trading, an increase of 135% from the previous session’s volume of 33,504 shares.The stock last traded at $55.91 and had previously closed at $55.69.

Invesco S&P Global Water Index ETF Stock Down 0.8 %

The stock has a market cap of $882.43 million, a P/E ratio of 17.87 and a beta of 0.96. The company has a 50-day simple moving average of $55.66 and a two-hundred day simple moving average of $57.13.

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

Hedge funds have recently modified their holdings of the company. Comprehensive Money Management Services LLC purchased a new position in shares of Invesco S&P Global Water Index ETF during the fourth quarter valued at approximately $954,000. Bernard Wealth Management Corp. bought a new stake in Invesco S&P Global Water Index ETF in the fourth quarter valued at $79,000. Vermillion Wealth Management Inc. purchased a new position in Invesco S&P Global Water Index ETF during the 4th quarter valued at $55,000. GTS Securities LLC raised its holdings in Invesco S&P Global Water Index ETF by 50.0% in the 4th quarter. GTS Securities LLC now owns 5,271 shares of the company’s stock worth $286,000 after purchasing an additional 1,758 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Invesco S&P Global Water Index ETF by 141.8% in the 4th quarter. Focus Partners Wealth now owns 26,282 shares of the company’s stock worth $1,452,000 after purchasing an additional 15,414 shares during the period.

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.