iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Stock Price Cross Above 50-Day Moving Average – Here’s Why

Shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $25.08 and traded as high as $25.33. iShares U.S. Power Infrastructure ETF shares last traded at $25.13, with a volume of 220,898 shares trading hands.

iShares U.S. Power Infrastructure ETF Stock Performance

The stock’s 50 day simple moving average is $25.08 and its two-hundred day simple moving average is $26.19. The firm has a market capitalization of $446.06 million, a PE ratio of 179.50 and a beta of 0.53.

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 given a dividend of $0.0832 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares U.S. Power Infrastructure ETF’s previous quarterly dividend of $0.0788. iShares U.S. Power Infrastructure ETF’s dividend payout ratio is presently 1,135.71%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,000 shares of the company’s stock, valued at approximately $393,000. Clal Insurance Enterprises Holdings Ltd owned about 0.14% of iShares U.S. Power Infrastructure ETF as of its most recent SEC filing. Hedge funds and other institutional investors own 60.64% of the company’s stock.