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

Invesco Water Resources ETF (NASDAQ:PHO)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $72.30 and last traded at $72.30, with a volume of 259 shares changing hands. The stock had previously closed at $70.39.

Invesco Water Resources ETF Trading Up 2.7 %

The business’s 50-day moving average is $69.26 and its two-hundred day moving average is $67.63. The firm has a market cap of $2.35 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Wealth Advisors LLC lifted its stake in shares of Invesco Water Resources ETF by 1.4% in the 3rd quarter. Private Wealth Advisors LLC now owns 21,335 shares of the company’s stock worth $1,494,000 after acquiring an additional 291 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in shares of Invesco Water Resources ETF in the 3rd quarter worth approximately $1,973,000. Bond & Devick Financial Network Inc. lifted its stake in shares of Invesco Water Resources ETF by 17.8% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 18,527 shares of the company’s stock worth $1,307,000 after acquiring an additional 2,803 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Invesco Water Resources ETF in the 3rd quarter worth approximately $60,000. Finally, Mesirow Financial Investment Management Inc. lifted its stake in shares of Invesco Water Resources ETF by 9.9% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 7,805 shares of the company’s stock worth $551,000 after acquiring an additional 706 shares during the period.

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.