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

Invesco Water Resources ETF (NASDAQ:PHO) saw an uptick in trading volume on Friday . 377,314 shares changed hands during mid-day trading, an increase of 438% from the previous session’s volume of 70,102 shares.The stock last traded at $66.64 and had previously closed at $67.24.

Invesco Water Resources ETF Trading Down 1.2 %

The firm has a fifty day simple moving average of $67.12 and a two-hundred day simple moving average of $68.68. The firm has a market cap of $2.14 billion, a PE ratio of 26.66 and a beta of 1.00.

Invesco Water Resources ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.0923 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco Water Resources ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Invesco Water Resources ETF in the 3rd quarter worth approximately $54,000. Glenmede Trust Co. NA lifted its holdings in Invesco Water Resources ETF by 8.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 21,400 shares of the company’s stock worth $1,510,000 after buying an additional 1,600 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco Water Resources ETF by 44.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,234 shares of the company’s stock valued at $3,544,000 after purchasing an additional 15,339 shares during the period. Creative Planning lifted its stake in shares of Invesco Water Resources ETF by 0.5% in the 3rd quarter. Creative Planning now owns 58,728 shares of the company’s stock valued at $4,143,000 after purchasing an additional 294 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Invesco Water Resources ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,678 shares of the company’s stock valued at $1,887,000 after purchasing an additional 724 shares during the period.

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.