Invesco Water Resources ETF (NASDAQ:PHO) Sees Large Volume Increase – Time to Buy?

Shares of Invesco Water Resources ETF (NASDAQ:PHO) saw strong trading volume on Wednesday . 248,325 shares traded hands during trading, an increase of 215% from the previous session’s volume of 78,765 shares.The stock last traded at $68.93 and had previously closed at $68.42.

Invesco Water Resources ETF Stock Performance

The company has a market cap of $2.05 billion, a P/E ratio of 25.38 and a beta of 1.00. The business has a 50 day moving average price of $68.79 and a two-hundred day moving average price of $71.08.

Invesco Water Resources ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.1046 dividend. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.6%.

Institutional Trading of Invesco Water Resources ETF

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its holdings in Invesco Water Resources ETF by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 18,343 shares of the company’s stock valued at $1,292,000 after buying an additional 169 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Invesco Water Resources ETF by 2.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 8,144 shares of the company’s stock valued at $587,000 after acquiring an additional 175 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Invesco Water Resources ETF by 10.0% during the first quarter. Johnson Financial Group Inc. now owns 1,957 shares of the company’s stock worth $131,000 after purchasing an additional 178 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in shares of Invesco Water Resources ETF by 0.4% during the third quarter. Tocqueville Asset Management L.P. now owns 51,491 shares of the company’s stock worth $3,713,000 after purchasing an additional 183 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Invesco Water Resources ETF by 45.4% in the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after purchasing an additional 184 shares during the last quarter.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.