iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Break Above 50 Day Moving Average – Here’s What Happened

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $24.96 and traded as high as $25.17. iShares U.S. Power Infrastructure ETF shares last traded at $24.97, with a volume of 99,947 shares traded.

iShares U.S. Power Infrastructure ETF Price Performance

The business has a 50-day moving average of $24.96 and a 200-day moving average of $26.22. The company has a market capitalization of $446.96 million, a P/E ratio of 178.36 and a beta of 0.51.

iShares U.S. Power Infrastructure ETF Increases Dividend

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

Hedge Funds Weigh In On iShares U.S. Power Infrastructure ETF

Large investors have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in iShares U.S. Power Infrastructure ETF in the 1st quarter worth about $393,000. Fisher Asset Management LLC bought a new position in shares of iShares U.S. Power Infrastructure ETF during the third quarter valued at approximately $1,122,000. Finally, Lionsbridge Wealth Management LLC purchased a new stake in shares of iShares U.S. Power Infrastructure ETF in the second quarter worth approximately $1,596,000. 60.64% of the stock is owned by hedge funds and other institutional investors.

About iShares U.S. Power Infrastructure ETF

The iShares U.S. Power Infrastructure ETF (POWR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies involved in US power infrastructure. POWR was launched on Jan 31, 2012 and is issued by BlackRock.