Invesco Water Resources ETF (NASDAQ:PHO) Sets New 12-Month Low – Here’s What Happened

Invesco Water Resources ETF (NASDAQ:PHO)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $64.07 and last traded at $64.35, with a volume of 13893 shares changing hands. The stock had previously closed at $64.88.

Invesco Water Resources ETF Stock Up 1.1%

The firm has a market capitalization of $1.97 billion, a PE ratio of 25.38 and a beta of 1.00. The stock has a 50-day moving average price of $67.68 and a 200 day moving average price of $70.57.

Invesco Water Resources ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.1046 per share. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. This represents a $0.42 annualized dividend and a dividend yield of 0.6%.

Institutional Trading of Invesco Water Resources ETF

Several large investors have recently made changes to their positions in PHO. NewEdge Advisors LLC increased its position in shares of Invesco Water Resources ETF by 5.3% during the first quarter. NewEdge Advisors LLC now owns 16,980 shares of the company’s stock worth $1,096,000 after purchasing an additional 853 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Invesco Water Resources ETF by 8.8% during the second quarter. Baird Financial Group Inc. now owns 13,692 shares of the company’s stock worth $957,000 after purchasing an additional 1,110 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Invesco Water Resources ETF by 4.0% during the second quarter. Brown Advisory Inc. now owns 10,776 shares of the company’s stock worth $753,000 after purchasing an additional 413 shares in the last quarter. Cerity Partners LLC increased its position in shares of Invesco Water Resources ETF by 2.2% during the second quarter. Cerity Partners LLC now owns 59,490 shares of the company’s stock worth $4,160,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco Water Resources ETF during the second quarter worth approximately $595,000.

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.