Invesco Water Resources ETF (NASDAQ:PHO) Stake Lifted by LPL Financial LLC

LPL Financial LLC raised its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 10.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 750,169 shares of the company’s stock after buying an additional 69,546 shares during the quarter. LPL Financial LLC owned approximately 2.33% of Invesco Water Resources ETF worth $49,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at approximately $217,000. TD Private Client Wealth LLC raised its stake in Invesco Water Resources ETF by 25.2% during the 4th quarter. TD Private Client Wealth LLC now owns 1,500 shares of the company’s stock valued at $99,000 after acquiring an additional 302 shares in the last quarter. Aspen Wealth Strategies LLC acquired a new position in Invesco Water Resources ETF during the 4th quarter worth $296,000. Corient Private Wealth LLC grew its stake in shares of Invesco Water Resources ETF by 4.2% in the fourth quarter. Corient Private Wealth LLC now owns 20,855 shares of the company’s stock worth $1,372,000 after purchasing an additional 835 shares in the last quarter. Finally, Montis Financial LLC bought a new position in shares of Invesco Water Resources ETF in the fourth quarter worth $240,000.

Invesco Water Resources ETF Stock Down 0.1 %

Shares of NASDAQ PHO opened at $65.28 on Friday. The stock has a market cap of $2.09 billion, a P/E ratio of 25.16 and a beta of 1.00. The firm’s 50-day simple moving average is $66.81 and its 200 day simple moving average is $68.29. Invesco Water Resources ETF has a fifty-two week low of $62.82 and a fifty-two week high of $72.59.

Invesco Water Resources ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.098 per share. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date of this dividend is Monday, March 24th.

Invesco Water Resources ETF 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.