Invesco Water Resources ETF (NASDAQ:PHO) Sees Unusually-High Trading Volume – Still a Buy?

Invesco Water Resources ETF (NASDAQ:PHO) saw unusually-strong trading volume on Friday . Approximately 377,314 shares changed hands during mid-day trading, an increase of 438% from the previous session’s volume of 70,102 shares.The stock last traded at $66.64 and had previously closed at $67.24.

Invesco Water Resources ETF Stock Performance

The company has a market cap of $2.14 billion, a P/E ratio of 26.66 and a beta of 1.00. The stock has a 50-day moving average of $67.12 and a two-hundred day moving average of $68.68.

Invesco Water Resources ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.0923 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Invesco Water Resources ETF by 3.6% during the 4th quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock valued at $110,940,000 after buying an additional 58,316 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Invesco Water Resources ETF by 10.2% in the 4th quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock worth $49,354,000 after purchasing an additional 69,546 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco Water Resources ETF in the 4th quarter worth $34,604,000. HighTower Advisors LLC increased its holdings in shares of Invesco Water Resources ETF by 1.5% in the 4th quarter. HighTower Advisors LLC now owns 411,275 shares of the company’s stock worth $27,058,000 after purchasing an additional 5,881 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Invesco Water Resources ETF by 2.6% in the 4th quarter. Royal Bank of Canada now owns 405,324 shares of the company’s stock worth $26,666,000 after purchasing an additional 10,405 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.