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

Invesco Water Resources ETF (NASDAQ:PHO) saw unusually-strong trading volume on Monday . Approximately 94,167 shares changed hands during trading, an increase of 16% from the previous session’s volume of 81,000 shares.The stock last traded at $65.03 and had previously closed at $64.38.

Invesco Water Resources ETF Stock Performance

The stock has a market cap of $1.97 billion, a PE ratio of 25.38 and a beta of 1.00. The stock’s 50-day moving average is $67.99 and its two-hundred day moving average is $70.73.

Invesco Water Resources ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1046 per share. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.6%.

Institutional Investors Weigh In On Invesco Water Resources ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. City Holding Co. purchased a new stake in Invesco Water Resources ETF in the fourth quarter valued at $28,000. Investment Counsel Co. of Nevada purchased a new stake in Invesco Water Resources ETF in the fourth quarter valued at $30,000. Strengthening Families & Communities LLC purchased a new stake in Invesco Water Resources ETF in the fourth quarter valued at $30,000. Assetmark Inc. lifted its position in Invesco Water Resources ETF by 45.4% in the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock valued at $42,000 after acquiring an additional 184 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Invesco Water Resources ETF by 156.5% in the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock valued at $41,000 after acquiring an additional 360 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.