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

Invesco Water Resources ETF (NASDAQ:PHO) shares saw unusually-high trading volume on Tuesday following a dividend announcement from the company. Approximately 165,443 shares were traded 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. Investors of record on Monday, March 24th will be issued 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 company has a market capitalization of $2.11 billion, a PE ratio of 25.82 and a beta of 0.96. The firm’s 50 day simple moving average is $66.91 and its 200 day simple moving average is $68.33.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of large investors have recently made changes to their positions in PHO. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco Water Resources ETF by 4.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,056 shares of the company’s stock worth $1,714,000 after purchasing an additional 1,170 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Invesco Water Resources ETF in the fourth quarter worth approximately $66,000. Snowden Capital Advisors LLC lifted its stake 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 worth $828,000 after acquiring an additional 159 shares during the last quarter. Royal Bank of Canada boosted its holdings 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 valued at $26,666,000 after acquiring an additional 10,405 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Invesco Water Resources ETF in the 4th quarter valued at $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.