Invesco Water Resources ETF (NASDAQ:PHO) Reaches New 12-Month High – What’s Next?

Invesco Water Resources ETF (NASDAQ:PHO)’s stock price hit a new 52-week high during mid-day trading on Monday. The company traded as high as $77.74 and last traded at $77.6390, with a volume of 46,675 shares. The stock had previously closed at $75.01.

Invesco Water Resources ETF Trading Up 3.7%

The stock has a 50 day simple moving average of $70.32 and a 200 day simple moving average of $69.64. The stock has a market cap of $2.16 billion, a P/E ratio of 27.98 and a beta of 0.93.

Institutional Trading of Invesco Water Resources ETF

A number of institutional investors have recently modified their holdings of PHO. Integrated Wealth Concepts LLC grew its holdings in shares of Invesco Water Resources ETF by 108.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 28,261 shares of the company’s stock worth $1,952,000 after purchasing an additional 14,723 shares in the last quarter. Royal Bank of Canada raised its stake in Invesco Water Resources ETF by 13.3% in the first quarter. Royal Bank of Canada now owns 335,431 shares of the company’s stock valued at $22,428,000 after purchasing an additional 39,491 shares in the last quarter. D.A. Davidson & CO. raised its stake in Invesco Water Resources ETF by 62.7% in the first quarter. D.A. Davidson & CO. now owns 70,106 shares of the company’s stock valued at $4,687,000 after purchasing an additional 27,010 shares in the last quarter. Nwam LLC raised its stake in Invesco Water Resources ETF by 756.7% in the second quarter. Nwam LLC now owns 33,636 shares of the company’s stock valued at $2,324,000 after purchasing an additional 29,710 shares in the last quarter. Finally, Hamilton Wealth LLC lifted its position in Invesco Water Resources ETF by 110.0% during the first quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock worth $16,517,000 after purchasing an additional 129,405 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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.