Invesco Water Resources ETF (NASDAQ:PHO) Stock Passes Below 50-Day Moving Average – Time to Sell?

Invesco Water Resources ETF (NASDAQ:PHO)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $72.65 and traded as low as $72.60. Invesco Water Resources ETF shares last traded at $73.52, with a volume of 72,667 shares changing hands.

Invesco Water Resources ETF Stock Performance

The company has a market cap of $2.18 billion, a P/E ratio of 25.38 and a beta of 1.02. The stock has a 50-day moving average of $72.65 and a two-hundred day moving average of $72.36.

Invesco Water Resources ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.0833 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco Water Resources ETF

Large investors have recently added to or reduced their stakes in the business. City Holding Co. bought a new stake in Invesco Water Resources ETF in the fourth quarter worth $28,000. Eastern Bank purchased a new position in shares of Invesco Water Resources ETF in the third quarter worth about $29,000. Strengthening Families & Communities LLC purchased a new position in shares of Invesco Water Resources ETF in the fourth quarter worth about $30,000. Investment Counsel Co. of Nevada bought a new stake in shares of Invesco Water Resources ETF in the 4th quarter valued at about $30,000. Finally, AE Wealth Management LLC lifted its stake in shares of Invesco Water Resources ETF by 5,081.8% in the 2nd quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock valued at $40,000 after acquiring an additional 559 shares during 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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.