Invesco Water Resources ETF (NASDAQ:PHO) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Water Resources ETF (NASDAQ:PHO) saw strong trading volume on Wednesday . 136,152 shares changed hands during mid-day 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 Price Performance

The company has a 50-day moving average price of $68.61 and a two-hundred day moving average price of $67.00. The company 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 firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Silverlake Wealth Management LLC raised its stake in Invesco Water Resources ETF by 18.0% during the third quarter. Silverlake Wealth Management LLC now owns 31,301 shares of the company’s stock valued at $2,208,000 after buying an additional 4,775 shares in the last quarter. Pacific Sun Financial Corp raised its stake in Invesco Water Resources ETF by 5.7% during the third quarter. Pacific Sun Financial Corp now owns 6,753 shares of the company’s stock valued at $476,000 after buying an additional 365 shares in the last quarter. Westwind Capital raised its stake in Invesco Water Resources ETF by 1,307.8% during the third quarter. Westwind Capital now owns 23,102 shares of the company’s stock valued at $1,630,000 after buying an additional 21,461 shares in the last quarter. CWM LLC raised its stake in Invesco Water Resources ETF by 4.6% during the third quarter. CWM LLC now owns 120,440 shares of the company’s stock valued at $8,496,000 after buying an additional 5,319 shares in the last quarter. Finally, Chemistry Wealth Management LLC acquired a new stake in Invesco Water Resources ETF during the third quarter valued at approximately $201,000.

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.