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

Shares of Invesco Water Resources ETF (NASDAQ:PHO) saw unusually-strong trading volume on Tuesday following a dividend announcement from the company. Approximately 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. Stockholders of record on Monday, March 24th will be issued a $0.098 dividend. This is a positive change from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date is Monday, March 24th.

Invesco Water Resources ETF Stock Up 0.2 %

The company has a 50-day moving average price of $66.85 and a two-hundred day moving average price of $68.31. The company has a market capitalization of $2.11 billion, a PE ratio of 25.82 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PHO. IHT Wealth Management LLC lifted its holdings in shares of Invesco Water Resources ETF by 1.9% in the third quarter. IHT Wealth Management LLC now owns 8,251 shares of the company’s stock worth $582,000 after buying an additional 151 shares in the last quarter. RWA Wealth Partners LLC increased its holdings in Invesco Water Resources ETF by 3.6% during the 4th quarter. RWA Wealth Partners LLC now owns 4,306 shares of the company’s stock worth $283,000 after acquiring an additional 151 shares during the period. Snowden Capital Advisors LLC lifted its stake in Invesco Water Resources ETF by 1.3% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,585 shares of the company’s stock worth $828,000 after purchasing an additional 159 shares in the last quarter. Principal Securities Inc. boosted its holdings in Invesco Water Resources ETF by 37.2% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the company’s stock valued at $39,000 after purchasing an additional 160 shares during the period. Finally, Raab & Moskowitz Asset Management LLC grew its position in shares of Invesco Water Resources ETF by 0.3% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 59,898 shares of the company’s stock valued at $4,225,000 after purchasing an additional 180 shares in the last quarter.

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.