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

Invesco Water Resources ETF (NASDAQ:PHO)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $65.37 and last traded at $65.43, with a volume of 29107 shares trading hands. The stock had previously closed at $66.40.

Invesco Water Resources ETF Price Performance

The stock has a 50-day simple moving average of $68.43 and a 200-day simple moving average of $70.92. The stock has a market cap of $1.99 billion, a P/E ratio of 25.38 and a beta of 1.00.

Invesco Water Resources ETF Increases Dividend

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

Institutional Trading of Invesco Water Resources ETF

Hedge funds have recently made changes to their positions in the company. Eastern Bank acquired a new stake in shares of Invesco Water Resources ETF during the third quarter valued at about $29,000. City Holding Co. acquired a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at about $28,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at about $30,000. Strengthening Families & Communities LLC acquired a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at about $30,000. Finally, Assetmark Inc. boosted its stake in shares of Invesco Water Resources ETF by 45.4% during the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock valued at $42,000 after purchasing an additional 184 shares in the last quarter.

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.