Invesco Water Resources ETF (NASDAQ:PHO) Sets New 1-Year Low – Here’s What Happened

Invesco Water Resources ETF (NASDAQ:PHO)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $65.37 and last traded at $65.43, with a volume of 29107 shares traded. The stock had previously closed at $66.40.

Invesco Water Resources ETF Trading Down 1.1%

The firm has a market cap of $1.96 billion, a P/E ratio of 25.38 and a beta of 1.00. The company’s 50-day moving average is $68.15 and its two-hundred day moving average is $70.80.

Invesco Water Resources ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.1046 dividend. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd.

Institutional Investors Weigh In On Invesco Water Resources ETF

Institutional investors have recently bought and sold shares of the stock. Mustico Financial Group Inc. boosted its holdings in Invesco Water Resources ETF by 15.4% during the 1st quarter. Mustico Financial Group Inc. now owns 17,420 shares of the company’s stock worth $1,206,000 after acquiring an additional 2,322 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of Invesco Water Resources ETF in the first quarter valued at about $234,000. Pacific Sun Financial Corp lifted its position in shares of Invesco Water Resources ETF by 2.5% during the first quarter. Pacific Sun Financial Corp now owns 7,973 shares of the company’s stock valued at $533,000 after purchasing an additional 195 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco Water Resources ETF by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 295,258 shares of the company’s stock worth $19,741,000 after purchasing an additional 4,675 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its holdings in Invesco Water Resources ETF by 10.0% during the first quarter. Johnson Financial Group Inc. now owns 1,957 shares of the company’s stock worth $131,000 after purchasing an additional 178 shares during 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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.