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

Shares of Invesco Water Resources ETF (NASDAQ:PHO) hit a new 52-week high on Wednesday . The stock traded as high as $72.30 and last traded at $72.30, with a volume of 259 shares. The stock had previously closed at $70.39.

Invesco Water Resources ETF Stock Performance

The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. The company’s fifty day simple moving average is $69.37 and its two-hundred day simple moving average is $67.69.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco Water Resources ETF

Several hedge funds have recently bought and sold shares of the company. Legacy Bridge LLC raised its position in shares of Invesco Water Resources ETF by 70.4% during the 3rd quarter. Legacy Bridge LLC now owns 1,210 shares of the company’s stock worth $81,000 after buying an additional 500 shares in the last quarter. Private Wealth Advisors LLC grew its stake in shares of Invesco Water Resources ETF by 1.4% in the 3rd quarter. Private Wealth Advisors LLC now owns 21,335 shares of the company’s stock worth $1,494,000 after purchasing an additional 291 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the 3rd quarter worth approximately $1,973,000. Bond & Devick Financial Network Inc. increased its position in shares of Invesco Water Resources ETF by 17.8% in the third quarter. Bond & Devick Financial Network Inc. now owns 18,527 shares of the company’s stock worth $1,307,000 after acquiring an additional 2,803 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Invesco Water Resources ETF in the third quarter worth approximately $60,000.

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.