CGW Stock Summary and Trading Ideas (Invesco S&P Global Water Index ETF | ARCA:CGW)

The Invesco S&P Global Water Index ETF (Fund) is based on the S&P Global Water Index (Index). The Fund will invest at least 90% of its total assets in stock and American depositary receipts (ADRs) that comprise the Index. The Index is comprised of developed market securities including water utilities, infrastructure, equipment, instruments and materials. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced semiannually.

Invesco S&P Global Water Index ETF trades on the ARCA stock market under the symbol CGW.

As of March 3, 2025, CGW stock price declined to $55.45 with 17,506 million shares trading.

CGW has a beta of 0.72, meaning it tends to be less sensitive to market movements. CGW has a correlation of 0.40 to the broad based SPY ETF.

CGW has a market cap of $893.90 million. This is considered a Small Cap stock.

In the last 3 years, CGW traded as high as $61.55 and as low as $39.85.

CGW has underperformed the market in the last year with a return of +5.3%, while the SPY ETF gained +16.7%. In the last 3 month period, CGW fell short of the market, returning -5.7%, while SPY returned -2.2%. However, in the most recent 2 weeks CGW has outperformed the stock market by returning -0.8%, while SPY returned -4.3%.

CGW support price is $55.01 and resistance is $55.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CGW shares will trade within this expected range on the day.