PHO Stock Summary and Trading Ideas (Invesco Water Resources ETF | NASDAQ:PHO)

The Invesco Water Resources ETF (Fund) is based on the NASDAQ OMX US Water Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Invesco Water Resources ETF trades on the NASDAQ stock market under the symbol PHO.

As of April 19, 2024, PHO stock price climbed to $63.25 with 78,409 million shares trading.

PHO has a beta of 1.13, meaning it tends to be more sensitive to market movements. PHO has a correlation of 0.72 to the broad based SPY ETF.

PHO has a market cap of $2.02 billion. This is considered a Mid Cap stock.

In the last 3 years, PHO stock traded as high as $66.74 and as low as $43.22.

PHO stock has underperformed the market in the last year with a return of +21.2%, while SPY returned +21.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PHO shares. However, PHO has outperformed the market in the last 3 month and 2 week periods, returning +7.2% and -2.9%, while SPY returned +4.6% and -3.2%, respectively. This indicates PHO has been having a stronger performance recently.

PHO support price is $62.51 and resistance is $63.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHO stock will trade within this expected range on the day.