Invesco Water Resources ETF (NASDAQ:PHO) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Invesco Water Resources ETF (NASDAQ:PHO) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $72.49 and traded as low as $72.11. Invesco Water Resources ETF shares last traded at $72.75, with a volume of 58,617 shares trading hands.

Invesco Water Resources ETF Price Performance

The business has a 50 day simple moving average of $72.49 and a 200-day simple moving average of $72.29. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.0833 dividend. This represents a $0.33 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Water Resources ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Invesco Water Resources ETF by 2.2% during the 3rd quarter. Bank of America Corp DE now owns 1,638,327 shares of the company’s stock worth $118,140,000 after buying an additional 34,972 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Invesco Water Resources ETF by 1.0% during the second quarter. 1832 Asset Management L.P. now owns 505,965 shares of the company’s stock worth $35,372,000 after purchasing an additional 5,054 shares during the period. UBS Group AG lifted its holdings in Invesco Water Resources ETF by 4.8% during the 3rd quarter. UBS Group AG now owns 443,460 shares of the company’s stock worth $31,978,000 after purchasing an additional 20,261 shares during the last quarter. HighTower Advisors LLC boosted its stake in Invesco Water Resources ETF by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 419,964 shares of the company’s stock valued at $30,284,000 after purchasing an additional 3,308 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in Invesco Water Resources ETF in the 4th quarter valued at $27,057,000.

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.