Invesco Water Resources ETF (NASDAQ:PHO) Sees Large Volume Increase

Invesco Water Resources ETF (NASDAQ:PHO) saw unusually-strong trading volume on Tuesday . Approximately 191,884 shares changed hands during mid-day trading, an increase of 160% from the previous session’s volume of 73,851 shares.The stock last traded at $67.24 and had previously closed at $66.84.

Invesco Water Resources ETF Stock Up 0.5 %

The firm has a fifty day moving average price of $64.83 and a two-hundred day moving average price of $60.35. The stock has a market capitalization of $2.15 billion, a P/E ratio of 34.90 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.0629 per share. The ex-dividend date was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 0.37%.

Institutional Investors Weigh In On Invesco Water Resources ETF

Several institutional investors and hedge funds have recently made changes to their positions in PHO. McGlone Suttner Wealth Management Inc. purchased a new stake in Invesco Water Resources ETF during the 4th quarter valued at $25,000. Principal Securities Inc. purchased a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at $25,000. Woodmont Investment Counsel LLC bought a new stake in Invesco Water Resources ETF in the 1st quarter worth about $27,000. Planned Solutions Inc. bought a new stake in Invesco Water Resources ETF in the 4th quarter worth about $35,000. Finally, Keener Financial Planning LLC purchased a new position in Invesco Water Resources ETF in the 4th quarter worth about $37,000.

About Invesco Water Resources ETF

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.