Invesco Water Resources ETF (NASDAQ:PHO) Stock Passes Below 50-Day Moving Average – Time to Sell?

Invesco Water Resources ETF (NASDAQ:PHO) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $72.65 and traded as low as $72.60. Invesco Water Resources ETF shares last traded at $73.52, with a volume of 72,667 shares.

Invesco Water Resources ETF Trading Up 1.1%

The stock has a market cap of $2.18 billion, a PE ratio of 25.38 and a beta of 1.02. The firm has a fifty day simple moving average of $72.65 and a two-hundred day simple moving average of $72.36.

Invesco Water Resources ETF Cuts Dividend

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

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of institutional investors have recently made changes to their positions in the stock. City Holding Co. purchased a new stake in shares of Invesco Water Resources ETF during the 4th quarter valued at $28,000. Eastern Bank bought a new position in Invesco Water Resources ETF in the third quarter valued at $29,000. Strengthening Families & Communities LLC bought a new position in Invesco Water Resources ETF in the fourth quarter valued at $30,000. Investment Counsel Co. of Nevada purchased a new stake in Invesco Water Resources ETF during the fourth quarter valued at about $30,000. Finally, AE Wealth Management LLC lifted its stake in Invesco Water Resources ETF by 5,081.8% during the second quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock worth $40,000 after purchasing an additional 559 shares during the last quarter.

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.