iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Break Above 50 Day Moving Average – Here’s What Happened

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $24.96 and traded as high as $25.17. iShares U.S. Power Infrastructure ETF shares last traded at $24.97, with a volume of 99,947 shares changing hands.

iShares U.S. Power Infrastructure ETF Stock Performance

The business’s fifty day moving average is $24.96 and its two-hundred day moving average is $26.22. The company has a market cap of $446.96 million, a P/E ratio of 178.36 and a beta of 0.51.

iShares U.S. Power Infrastructure ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.0832 per share. This is an increase from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. This represents a $0.33 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 15th. iShares U.S. Power Infrastructure ETF’s payout ratio is 1,135.71%.

Institutional Trading of iShares U.S. Power Infrastructure ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in iShares U.S. Power Infrastructure ETF in the first quarter worth about $393,000. Fisher Asset Management LLC bought a new position in iShares U.S. Power Infrastructure ETF during the 3rd quarter worth about $1,122,000. Finally, Lionsbridge Wealth Management LLC bought a new position in iShares U.S. Power Infrastructure ETF during the 2nd quarter worth about $1,596,000. 60.64% of the stock is currently owned by institutional investors.

About iShares U.S. Power Infrastructure ETF

The iShares U.S. Power Infrastructure ETF (POWR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies involved in US power infrastructure. POWR was launched on Jan 31, 2012 and is issued by BlackRock.