Invesco Water Resources ETF (NASDAQ:PHO) Sees Large Volume Increase Following Dividend Announcement

Invesco Water Resources ETF (NASDAQ:PHO) saw an uptick in trading volume on Tuesday following a dividend announcement from the company. 165,443 shares changed hands 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. Investors of record on Monday, March 24th will be paid a dividend of $0.098 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco Water Resources ETF’s previous dividend of $0.09.

Invesco Water Resources ETF Trading Up 0.2 %

The firm has a market cap of $2.11 billion, a P/E ratio of 25.82 and a beta of 0.96. The stock has a 50 day simple moving average of $66.85 and a 200-day simple moving average of $68.31.

Institutional Investors Weigh In On Invesco Water Resources ETF

Several large investors have recently bought and sold shares of the business. Redwood Park Advisors LLC bought a new position in Invesco Water Resources ETF during the fourth quarter valued at $25,000. Crowley Wealth Management Inc. bought a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at about $33,000. Sunbelt Securities Inc. purchased a new position in Invesco Water Resources ETF in the third quarter worth about $36,000. Finally, Kestra Investment Management LLC bought a new stake in Invesco Water Resources ETF during the fourth quarter worth approximately $37,000.

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.