Sovran Advisors LLC Acquires Shares of 14,324 Invesco Water Resources ETF (NASDAQ:PHO)

Sovran Advisors LLC bought a new stake in Invesco Water Resources ETF (NASDAQ:PHO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,324 shares of the company’s stock, valued at approximately $953,000.

Other institutional investors have also modified their holdings of the company. Wingate Wealth Advisors Inc. acquired a new position in shares of Invesco Water Resources ETF during the fourth quarter worth about $33,000. Strategic Financial Concepts LLC purchased a new stake in Invesco Water Resources ETF in the 4th quarter valued at approximately $1,731,000. Prism Advisors Inc. increased its position in Invesco Water Resources ETF by 9.6% during the 4th quarter. Prism Advisors Inc. now owns 206,352 shares of the company’s stock worth $13,576,000 after purchasing an additional 18,054 shares during the period. PFG Investments LLC raised its stake in shares of Invesco Water Resources ETF by 2.8% during the 4th quarter. PFG Investments LLC now owns 18,824 shares of the company’s stock worth $1,238,000 after buying an additional 505 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Invesco Water Resources ETF by 11.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,495 shares of the company’s stock valued at $559,000 after buying an additional 846 shares during the period.

Invesco Water Resources ETF Price Performance

Invesco Water Resources ETF stock opened at $68.09 on Wednesday. The stock’s 50 day moving average price is $67.63 and its 200 day moving average price is $68.76. Invesco Water Resources ETF has a 1-year low of $61.05 and a 1-year high of $72.59. The company has a market cap of $2.20 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.0923 per share. The ex-dividend date was Monday, December 23rd.

Invesco Water Resources ETF Company 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.