Invesco Water Resources ETF (NASDAQ:PHO) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Invesco Water Resources ETF (NASDAQ:PHO)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $69.14 and traded as low as $64.60. Invesco Water Resources ETF shares last traded at $65.48, with a volume of 79,401 shares changing hands.

Invesco Water Resources ETF Stock Up 0.5 %

The company has a 50-day moving average price of $69.14 and a 200 day moving average price of $68.53. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

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

Institutional Trading of Invesco Water Resources ETF

Large investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Invesco Water Resources ETF in the 2nd quarter worth $25,000. Sunbelt Securities Inc. acquired a new position in shares of Invesco Water Resources ETF in the 3rd quarter worth approximately $36,000. McClarren Financial Advisors Inc. grew its holdings in shares of Invesco Water Resources ETF by 424.0% during the third quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock worth $48,000 after purchasing an additional 547 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Invesco Water Resources ETF in the 3rd quarter valued at about $54,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Invesco Water Resources ETF in the third quarter valued at approximately $60,000.

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.