Invesco Water Resources ETF (NASDAQ:PHO) Hits New 52-Week Low – Here’s What Happened

Invesco Water Resources ETF (NASDAQ:PHO) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $62.76 and last traded at $62.89, with a volume of 72031 shares traded. The stock had previously closed at $65.42.

Invesco Water Resources ETF Stock Performance

The company’s 50-day moving average price is $66.42 and its 200 day moving average price is $68.19. The stock has a market capitalization of $2.01 billion, a P/E ratio of 25.16 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.098 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco Water Resources ETF’s previous dividend of $0.09.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of hedge funds have recently made changes to their positions in the business. Redwood Park Advisors LLC bought a new stake in Invesco Water Resources ETF during the 4th quarter valued at approximately $25,000. Crowley Wealth Management Inc. purchased a new stake in Invesco Water Resources ETF during the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at approximately $33,000. Sunbelt Securities Inc. purchased a new position in shares of Invesco Water Resources ETF in the third quarter worth $36,000. Finally, Kestra Investment Management LLC bought a new position in shares of Invesco Water Resources ETF during the fourth quarter worth $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.