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

Posted by Defense World Staff on Oct 9th, 2024

Invesco Water Resources ETF (NASDAQ:PHO – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 136,152 shares traded hands during trading, an increase of 89% from the previous session’s volume of 72,155 shares.The stock last traded at $70.34 and had previously closed at $69.64.

Invesco Water Resources ETF Trading Up 0.6 %

The business has a 50-day moving average price of $68.60 and a 200-day moving average price of $66.96. The stock has a market cap of $2.28 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.05 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.29%.

Institutional Investors Weigh In On Invesco Water Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHO. Ashton Thomas Private Wealth LLC purchased a new position in Invesco Water Resources ETF in the 2nd quarter worth approximately $25,000. Woodmont Investment Counsel LLC purchased a new position in Invesco Water Resources ETF during the first quarter worth approximately $27,000. ESL Trust Services LLC acquired a new position in Invesco Water Resources ETF during the first quarter worth $27,000. Larson Financial Group LLC purchased a new stake in Invesco Water Resources ETF in the 2nd quarter valued at $34,000. Finally, ORG Partners LLC purchased a new stake in Invesco Water Resources ETF in the 2nd quarter valued at $38,000.

Invesco Water Resources ETF Company Profile

(Get Free Report)

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.