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

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR)’s stock 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 traded.

iShares U.S. Power Infrastructure ETF Stock Performance

The company has a market cap of $445.17 million, a P/E ratio of 177.64 and a beta of 0.51. The stock has a 50-day moving average of $24.93 and a two-hundred day moving average of $26.22.

iShares U.S. Power Infrastructure ETF Increases Dividend

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

Institutional Investors Weigh In On iShares U.S. Power Infrastructure ETF

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

iShares U.S. Power Infrastructure ETF Company Profile

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.