Invesco Water Resources ETF (NASDAQ:PHO) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Invesco Water Resources ETF (NASDAQ:PHO)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $69.14 and traded as low as $64.60. Invesco Water Resources ETF shares last traded at $65.48, with a volume of 79,401 shares.

Invesco Water Resources ETF Trading Up 0.5 %

The company has a market cap of $2.12 billion, a PE ratio of 37.18 and a beta of 0.96. The business has a 50 day simple moving average of $69.14 and a two-hundred day simple moving average of $68.53.

Invesco Water Resources ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.0923 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco Water Resources ETF

A number of large investors have recently modified their holdings of the stock. LPL Financial LLC increased its position in shares of Invesco Water Resources ETF by 17.9% in the 2nd quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock worth $43,398,000 after purchasing an additional 101,342 shares during the last quarter. Raymond James & Associates grew its position in Invesco Water Resources ETF by 159.4% in the 3rd quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock worth $21,323,000 after purchasing an additional 185,770 shares during the last quarter. Cetera Investment Advisers increased its position in Invesco Water Resources ETF by 0.9% in the 2nd quarter. Cetera Investment Advisers now owns 234,289 shares of the company’s stock valued at $15,208,000 after acquiring an additional 2,090 shares during the period. Prism Advisors Inc. raised its stake in shares of Invesco Water Resources ETF by 25.7% during the third quarter. Prism Advisors Inc. now owns 188,298 shares of the company’s stock valued at $13,283,000 after purchasing an additional 38,476 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Invesco Water Resources ETF by 4.6% in the 3rd quarter. CWM LLC now owns 120,440 shares of the company’s stock worth $8,496,000 after acquiring an additional 5,319 shares during the period.

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.