Invesco Water Resources ETF (NASDAQ:PHO) Sees Unusually-High Trading Volume – Here’s Why

Invesco Water Resources ETF (NASDAQ:PHO) saw unusually-high trading volume on Thursday . Approximately 326,289 shares changed hands during mid-day trading, an increase of 377% from the previous session’s volume of 68,378 shares.The stock last traded at $68.03 and had previously closed at $68.46.

Invesco Water Resources ETF Trading Down 1.0%

The firm has a 50-day simple moving average of $72.52 and a two-hundred day simple moving average of $72.23. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.0833 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PHO. Perigon Wealth Management LLC acquired a new position in Invesco Water Resources ETF in the fourth quarter valued at approximately $27,057,000. Corient Private Wealth LLC grew its stake in shares of Invesco Water Resources ETF by 1,232.1% during the 4th quarter. Corient Private Wealth LLC now owns 248,991 shares of the company’s stock worth $17,531,000 after purchasing an additional 230,299 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $13,963,000. Thryve Wealth Management LLC purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter valued at approximately $6,812,000. Finally, WealthSpring Partners LLC acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at $6,741,000.

Invesco Water Resources ETF Company Profile

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.