Invesco Water Resources ETF (NASDAQ:PHO) Hits 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 Tuesday . The company traded as high as $71.13 and last traded at $71.03, with a volume of 10619 shares trading hands. The stock had previously closed at $70.86.

Invesco Water Resources ETF Trading Up 0.6 %

The business has a fifty day moving average of $68.83 and a 200-day moving average of $67.10. The firm has a market cap of $2.32 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Monday, September 23rd.

Hedge Funds Weigh In On Invesco Water Resources ETF

Several hedge funds have recently bought and sold shares of the company. TruWealth Advisors LLC boosted its holdings in Invesco Water Resources ETF by 3.5% in the 2nd quarter. TruWealth Advisors LLC now owns 4,362 shares of the company’s stock valued at $283,000 after purchasing an additional 148 shares during the period. Perigon Wealth Management LLC boosted its stake in Invesco Water Resources ETF by 4.6% during the first quarter. Perigon Wealth Management LLC now owns 3,504 shares of the company’s stock valued at $233,000 after buying an additional 155 shares during the period. Dynamic Advisor Solutions LLC grew its position in Invesco Water Resources ETF by 2.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 7,514 shares of the company’s stock worth $488,000 after buying an additional 189 shares in the last quarter. Verity Asset Management Inc. increased its stake in Invesco Water Resources ETF by 0.7% in the 1st quarter. Verity Asset Management Inc. now owns 31,753 shares of the company’s stock worth $2,114,000 after acquiring an additional 224 shares during the last quarter. Finally, Private Wealth Advisors LLC raised its holdings in shares of Invesco Water Resources ETF by 1.1% in the 2nd quarter. Private Wealth Advisors LLC now owns 21,044 shares of the company’s stock valued at $1,343,000 after acquiring an additional 230 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.