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

Shares of Invesco Water Resources ETF (NASDAQ:PHO) reached a new 52-week high during trading on Wednesday . The stock 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 Price Performance

The firm’s 50-day moving average price is $69.37 and its 200 day moving average price is $67.69. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

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

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of large investors have recently bought and sold shares of the stock. Legacy Bridge LLC raised its stake in Invesco Water Resources ETF by 70.4% during the third quarter. Legacy Bridge LLC now owns 1,210 shares of the company’s stock worth $81,000 after purchasing an additional 500 shares during the period. Private Wealth Advisors LLC raised 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 valued at $1,494,000 after acquiring an additional 291 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in Invesco Water Resources ETF during the 3rd quarter valued at $1,973,000. Bond & Devick Financial Network Inc. grew its holdings in Invesco Water Resources ETF by 17.8% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 18,527 shares of the company’s stock valued at $1,307,000 after purchasing an additional 2,803 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in Invesco Water Resources ETF during the 3rd quarter valued at $60,000.

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.