iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Price Break Above Fifty Day Moving Average – Here’s What Happened

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $25.08 and traded as high as $25.33. iShares U.S. Power Infrastructure ETF shares last traded at $25.13, with a volume of 220,898 shares.

iShares U.S. Power Infrastructure ETF Stock Performance

The stock has a market capitalization of $446.06 million, a price-to-earnings ratio of 179.50 and a beta of 0.53. The business has a 50-day moving average of $25.08 and a 200-day moving average of $26.19.

iShares U.S. Power Infrastructure ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a $0.0832 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This is an increase from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. This represents a $0.33 dividend on an annualized basis and a yield of 1.3%. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is currently 1,135.71%.

Institutional Investors Weigh In On iShares U.S. Power Infrastructure ETF

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the company’s stock, valued at approximately $393,000. Clal Insurance Enterprises Holdings Ltd owned about 0.14% of iShares U.S. Power Infrastructure ETF at the end of the most recent reporting period. 60.64% of the stock is currently owned by hedge funds and other institutional investors.