Invesco Water Resources ETF (NASDAQ:PHO) Sees Unusually-High Trading Volume – Should You Buy?

Invesco Water Resources ETF (NASDAQ:PHO) saw unusually-strong trading volume on Monday . Approximately 94,167 shares changed hands during trading, an increase of 16% from the previous session’s volume of 81,000 shares.The stock last traded at $65.03 and had previously closed at $64.38.

Invesco Water Resources ETF Price Performance

The company has a market capitalization of $1.97 billion, a PE ratio of 25.38 and a beta of 1.00. The company’s fifty day moving average is $67.99 and its 200-day moving average is $70.73.

Invesco Water Resources ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. City Holding Co. purchased a new stake in Invesco Water Resources ETF during the 4th quarter valued at about $28,000. Strengthening Families & Communities LLC acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $30,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. increased its holdings in shares of Invesco Water Resources ETF by 156.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after buying an additional 360 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Invesco Water Resources ETF by 45.4% during the 3rd quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after buying an additional 184 shares during the last quarter.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.