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

Invesco Water Resources ETF (NASDAQ:PHO) shares saw an uptick in trading volume on Tuesday following a dividend announcement from the company. 165,443 shares traded hands during mid-day 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 given a dividend of $0.098 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco Water Resources ETF’s previous dividend of $0.09.

Invesco Water Resources ETF Stock Up 0.2 %

The firm has a 50 day moving average of $66.91 and a 200-day moving average of $68.33. The company has a market cap of $2.11 billion, a P/E ratio of 25.82 and a beta of 0.96.

Hedge Funds Weigh In On Invesco Water Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHO. Wealth Enhancement Advisory Services LLC lifted its position in Invesco Water Resources ETF by 4.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,056 shares of the company’s stock valued at $1,714,000 after acquiring an additional 1,170 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of Invesco Water Resources ETF during the fourth quarter worth $66,000. Snowden Capital Advisors LLC lifted its holdings in shares of Invesco Water Resources ETF by 1.3% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,585 shares of the company’s stock valued at $828,000 after purchasing an additional 159 shares during the last quarter. Royal Bank of Canada grew its stake in Invesco Water Resources ETF by 2.6% during the 4th quarter. Royal Bank of Canada now owns 405,324 shares of the company’s stock worth $26,666,000 after buying an additional 10,405 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Invesco Water Resources ETF during the 4th quarter valued at about $126,000.

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.