Invesco Global Water ETF (NASDAQ:PIO) Stock Price Down 2%

Invesco Global Water ETF (NASDAQ:PIO – Get Rating)’s share price dropped 2% during trading on Wednesday . The company traded as low as $34.01 and last traded at $34.03. Approximately 7,615 shares changed hands during trading, a decline of 37% from the average daily volume of 12,033 shares. The stock had previously closed at $34.72.

Invesco Global Water ETF Price Performance

The stock has a market cap of $275.28 million, a price-to-earnings ratio of 21.83 and a beta of 0.96. The stock has a fifty day moving average of $35.04 and a 200 day moving average of $34.67.

Invesco Global Water ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Tuesday, March 21st were issued a $0.018 dividend. This represents a $0.07 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Monday, March 20th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PIO. Bank of America Corp DE grew its holdings in Invesco Global Water ETF by 0.9% in the first quarter. Bank of America Corp DE now owns 565,489 shares of the company’s stock valued at $20,651,000 after purchasing an additional 5,195 shares during the period. Money Design Co. Ltd. acquired a new position in shares of Invesco Global Water ETF during the first quarter valued at approximately $16,178,000. 1832 Asset Management L.P. acquired a new position in shares of Invesco Global Water ETF during the first quarter valued at approximately $15,542,000. Jane Street Group LLC raised its holdings in shares of Invesco Global Water ETF by 824.4% during the first quarter. Jane Street Group LLC now owns 224,424 shares of the company’s stock valued at $8,196,000 after acquiring an additional 200,147 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Invesco Global Water ETF by 2.3% during the fourth quarter. UBS Group AG now owns 91,359 shares of the company’s stock valued at $2,983,000 after acquiring an additional 2,073 shares during the last quarter.

Invesco Global Water ETF Company Profile

(Get Rating)

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.