Invesco Water Resources ETF (NASDAQ:PHO) Sets New 52-Week High at $69.65

Invesco Water Resources ETF (NASDAQ:PHO) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $69.65 and last traded at $69.65, with a volume of 3556 shares changing hands. The stock had previously closed at $68.26.

Invesco Water Resources ETF Trading Up 1.9 %

The company has a market cap of $2.25 billion, a P/E ratio of 37.18 and a beta of 0.96. The company has a 50-day simple moving average of $66.23 and a 200 day simple moving average of $64.42.

Invesco Water Resources ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.0926 dividend. This represents a $0.37 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, June 24th. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.06.

Hedge Funds Weigh In On Invesco Water Resources ETF

Institutional investors have recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. bought a new stake in Invesco Water Resources ETF during the 4th quarter valued at $25,000. Principal Securities Inc. purchased a new stake in Invesco Water Resources ETF in the fourth quarter worth about $25,000. Woodmont Investment Counsel LLC bought a new position in shares of Invesco Water Resources ETF during the first quarter valued at approximately $27,000. ESL Trust Services LLC bought a new stake in Invesco Water Resources ETF during the 1st quarter valued at $27,000. Finally, Planned Solutions Inc. bought a new stake in Invesco Water Resources ETF during the fourth quarter valued at about $35,000.

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.