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

Invesco Water Resources ETF (NASDAQ:PHO)’s stock price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $77.74 and last traded at $77.6390, with a volume of 46,675 shares trading hands. The stock had previously closed at $75.01.

Invesco Water Resources ETF Stock Up 3.7%

The stock has a market cap of $2.16 billion, a P/E ratio of 27.98 and a beta of 0.93. The firm has a 50 day simple moving average of $70.32 and a 200-day simple moving average of $69.64.

Institutional Investors Weigh In On Invesco Water Resources ETF

A number of large investors have recently added to or reduced their stakes in PHO. Commonwealth Equity Services LLC bought a new stake in Invesco Water Resources ETF in the 3rd quarter valued at about $9,405,000. Hamilton Wealth LLC grew its position in shares of Invesco Water Resources ETF by 110.0% during the 1st quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock worth $16,517,000 after purchasing an additional 129,405 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Invesco Water Resources ETF by 1,135.2% during the 3rd quarter. International Assets Investment Management LLC now owns 95,000 shares of the company’s stock worth $6,444,000 after purchasing an additional 87,309 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of Invesco Water Resources ETF during the third quarter worth approximately $3,854,000. Finally, Royal Bank of Canada increased its holdings in shares of Invesco Water Resources ETF by 13.3% during the first quarter. Royal Bank of Canada now owns 335,431 shares of the company’s stock worth $22,428,000 after purchasing an additional 39,491 shares during the period.

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.