Invesco Water Resources ETF (NASDAQ:PHO) Hits New 12-Month High at $66.67

Posted by admin on Mar 28th, 2024

Invesco Water Resources ETF (NASDAQ:PHO – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.67 and last traded at $66.66, with a volume of 16251 shares changing hands. The stock had previously closed at $66.40.

Invesco Water Resources ETF Stock Performance

The firm’s 50 day simple moving average is $62.74 and its 200-day simple moving average is $58.06. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 22.98 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.0629 per share. This represents a $0.25 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Monday, March 18th.

Hedge Funds Weigh In On Invesco Water Resources ETF

Hedge funds have recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Invesco Water Resources ETF in the fourth quarter worth $25,000. Principal Securities Inc. acquired a new position in shares of Invesco Water Resources ETF in the fourth quarter worth $25,000. Ronald Blue Trust Inc. acquired a new position in shares of Invesco Water Resources ETF in the third quarter worth $28,000. Farther Finance Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the second quarter worth $34,000. Finally, Planned Solutions Inc. acquired a new position in shares of Invesco Water Resources ETF in the fourth quarter worth $35,000.

About Invesco Water Resources ETF

(Get Free Report)

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.