Invesco Global Water ETF (NASDAQ:PIO) Trading 1.4% Higher – Here’s Why

Shares of Invesco Global Water ETF (NASDAQ:PIO) traded up 1.4% during mid-day trading on Tuesday . The company traded as high as $45.95 and last traded at $45.91. 32,857 shares changed hands during trading, an increase of 149% from the average session volume of 13,205 shares. The stock had previously closed at $45.28.

Invesco Global Water ETF Trading Up 1.4%

The stock’s 50-day moving average is $45.25 and its 200-day moving average is $45.46. The firm has a market capitalization of $280.05 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, March 27th. Shareholders of record on Monday, March 23rd were given a $0.0449 dividend. This is an increase from Invesco Global Water ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 23rd. This represents a $0.18 annualized dividend and a yield of 0.4%.

Hedge Funds Weigh In On Invesco Global Water ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in shares of Invesco Global Water ETF in the 4th quarter valued at $265,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Global Water ETF by 26.9% in the 3rd 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 during the last quarter. Comerica Bank boosted its stake 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 in the last quarter. Intesa Sanpaolo Wealth Management bought a new position in Invesco Global Water ETF during the fourth quarter worth $33,000. Finally, Brown Brothers Harriman & Co. bought a new position in Invesco Global Water ETF during the fourth quarter worth $33,000.

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.