Invesco S&P Global Water Index ETF (NYSEARCA:CGW) Reaches New 12-Month High – Should You Buy?

Invesco S&P Global Water Index ETF (NYSEARCA:CGW) shares reached a new 52-week high on Tuesday . The stock traded as high as $61.83 and last traded at $61.78, with a volume of 7350 shares. The stock had previously closed at $61.30.

Invesco S&P Global Water Index ETF Stock Up 0.6%

The firm has a market cap of $969.72 million, a P/E ratio of 22.47 and a beta of 0.98. The business’s 50 day moving average is $58.04 and its two-hundred day moving average is $56.63.

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

Large investors have recently added to or reduced their stakes in the business. American National Bank & Trust acquired a new stake in Invesco S&P Global Water Index ETF in the first quarter worth $30,000. Golden State Wealth Management LLC boosted its position in shares of Invesco S&P Global Water Index ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 564 shares of the company’s stock worth $31,000 after purchasing an additional 282 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of Invesco S&P Global Water Index ETF in the 4th quarter valued at about $55,000. O Shaughnessy Asset Management LLC grew its stake in shares of Invesco S&P Global Water Index ETF by 122.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,066 shares of the company’s stock valued at $58,000 after buying an additional 586 shares during the period. Finally, TD Private Client Wealth LLC increased its position in Invesco S&P Global Water Index ETF by 74.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,151 shares of the company’s stock valued at $62,000 after buying an additional 493 shares in the last quarter.

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.