Invesco Water Resources ETF (NASDAQ:PHO) Sees Strong Trading Volume Following Dividend Announcement

Invesco Water Resources ETF (NASDAQ:PHO) shares saw unusually-strong trading volume on Tuesday after the company announced a dividend. Approximately 165,443 shares were traded during trading, an increase of 136% from the previous session’s volume of 70,159 shares.The stock last traded at $65.38 and had previously closed at $65.17.

The newly announced dividend which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.098 per share. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date is Monday, March 24th.

Invesco Water Resources ETF Trading Up 0.1 %

The company has a market cap of $2.10 billion, a P/E ratio of 25.82 and a beta of 0.96. The company’s 50-day moving average price is $66.88 and its two-hundred day moving average price is $68.33.

Institutional Trading of Invesco Water Resources ETF

A number of institutional investors and hedge funds have recently modified their holdings of PHO. Redwood Park Advisors LLC acquired a new stake in shares of Invesco Water Resources ETF in the 4th quarter worth about $25,000. Crowley Wealth Management Inc. acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter worth approximately $33,000. Sunbelt Securities Inc. acquired a new stake in Invesco Water Resources ETF during the third quarter valued at approximately $36,000. Finally, Kestra Investment Management LLC acquired a new stake in Invesco Water Resources ETF during the fourth quarter valued at approximately $37,000.

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.