Invesco Global Water ETF (NASDAQ:PIO) Stock Price Up 0.8% – What’s Next?

Shares of Invesco Global Water ETF (NASDAQ:PIO) rose 0.8% during trading on Monday . The stock traded as high as $46.31 and last traded at $46.31. Approximately 7,333 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 14,077 shares. The stock had previously closed at $45.96.

Invesco Global Water ETF Stock Up 0.8%

The firm has a market cap of $284.69 million, a P/E ratio of 24.59 and a beta of 1.07. The firm’s 50-day simple moving average is $45.64 and its 200 day simple moving average is $45.35.

Invesco Global Water ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.0449 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco Global Water ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco Global Water ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Regal Investment Advisors LLC raised its position in shares of Invesco Global Water ETF by 120.7% in the third quarter. Regal Investment Advisors LLC now owns 17,115 shares of the company’s stock valued at $768,000 after purchasing an additional 9,360 shares during the period. Cetera Investment Advisers raised its position in shares of Invesco Global Water ETF by 18.0% in the fourth quarter. Cetera Investment Advisers now owns 25,795 shares of the company’s stock valued at $1,139,000 after purchasing an additional 3,931 shares during the period. Stifel Financial Corp raised its position in shares of Invesco Global Water ETF by 0.7% in the fourth quarter. Stifel Financial Corp now owns 48,251 shares of the company’s stock valued at $2,130,000 after purchasing an additional 351 shares during the period. Citadel Advisors LLC raised its position in shares of Invesco Global Water ETF by 198.0% in the third quarter. Citadel Advisors LLC now owns 66,120 shares of the company’s stock valued at $2,968,000 after purchasing an additional 43,929 shares during the period. Finally, UBS Group AG raised its position in shares of Invesco Global Water ETF by 4.2% in the third quarter. UBS Group AG now owns 111,290 shares of the company’s stock valued at $4,996,000 after purchasing an additional 4,481 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.