Invesco Water Resources ETF (NASDAQ:PHO) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Invesco Water Resources ETF (NASDAQ:PHO) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $72.13 and traded as low as $70.92. Invesco Water Resources ETF shares last traded at $71.18, with a volume of 41,595 shares traded.

Invesco Water Resources ETF Trading Down 0.6%

The business has a 50 day moving average price of $72.13 and a 200-day moving average price of $71.49. The firm has a market capitalization of $2.13 billion, a PE ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.093 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.37 annualized dividend and a yield of 0.5%.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of large investors have recently made changes to their positions in PHO. Atlantic Union Bankshares Corp acquired a new stake in Invesco Water Resources ETF in the 2nd quarter valued at about $442,000. Hantz Financial Services Inc. purchased a new stake in shares of Invesco Water Resources ETF in the second quarter valued at about $54,000. Envestnet Asset Management Inc. grew its position in shares of Invesco Water Resources ETF by 14.5% in the second quarter. Envestnet Asset Management Inc. now owns 49,651 shares of the company’s stock valued at $3,471,000 after purchasing an additional 6,303 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Invesco Water Resources ETF by 84.3% in the second quarter. Farther Finance Advisors LLC now owns 1,511 shares of the company’s stock valued at $106,000 after purchasing an additional 691 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Invesco Water Resources ETF by 2.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 8,424 shares of the company’s stock worth $589,000 after purchasing an additional 185 shares in the last quarter.

Invesco Water Resources ETF Company Profile

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.