Meridian Investment Counsel Inc. Sells 1,000 Shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGW)

Meridian Investment Counsel Inc. decreased its stake in shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGW) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,900 shares of the company’s stock after selling 1,000 shares during the period. Meridian Investment Counsel Inc.’s holdings in Invesco S&P Global Water Index ETF were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. lifted its stake in Invesco S&P Global Water Index ETF by 82.3% in the 2nd quarter. Mather Group LLC. now owns 886 shares of the company’s stock valued at $49,000 after acquiring an additional 400 shares in the last quarter. Larson Financial Group LLC acquired a new position in Invesco S&P Global Water Index ETF during the second quarter worth $85,000. International Assets Investment Management LLC bought a new position in Invesco S&P Global Water Index ETF in the second quarter valued at $99,000. Summit Financial LLC increased its stake in Invesco S&P Global Water Index ETF by 7.6% in the 2nd quarter. Summit Financial LLC now owns 4,015 shares of the company’s stock valued at $222,000 after buying an additional 285 shares during the last quarter. Finally, Nwam LLC bought a new stake in Invesco S&P Global Water Index ETF during the 1st quarter worth about $228,000.

Invesco S&P Global Water Index ETF Price Performance

Shares of NYSEARCA CGW opened at $58.32 on Friday. The business has a 50-day moving average of $59.48 and a 200-day moving average of $58.32. Invesco S&P Global Water Index ETF has a fifty-two week low of $49.49 and a fifty-two week high of $61.55. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 28.12 and a beta of 0.90.

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.