Sterling Investment Management LLC Invests $207,000 in Invesco Water Resources ETF (NASDAQ:PHO)

Sterling Investment Management LLC acquired a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,406 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ronald Blue Trust Inc. bought a new stake in Invesco Water Resources ETF during the third quarter worth approximately $28,000. Farther Finance Advisors LLC acquired a new position in Invesco Water Resources ETF in the 2nd quarter worth approximately $34,000. Live Oak Investment Partners acquired a new position in Invesco Water Resources ETF in the 4th quarter worth approximately $36,000. BKM Wealth Management LLC acquired a new position in Invesco Water Resources ETF in the 4th quarter worth approximately $39,000. Finally, Credit Suisse AG acquired a new position in Invesco Water Resources ETF in the 2nd quarter worth approximately $55,000.

Invesco Water Resources ETF Stock Up 1.3 %

PHO stock opened at $66.40 on Thursday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 22.98 and a beta of 0.96. The company has a 50 day moving average of $62.74 and a two-hundred day moving average of $58.06. Invesco Water Resources ETF has a 12-month low of $49.65 and a 12-month high of $66.64.

Invesco Water Resources ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.0629 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.38%.

About Invesco Water Resources ETF

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.