Bedell Frazier Investment Counselling LLC Reduces Stock Position in Invesco Water Resources ETF (NASDAQ:PHO)

Bedell Frazier Investment Counselling LLC decreased its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,675 shares of the company’s stock after selling 1,346 shares during the period. Bedell Frazier Investment Counselling LLC owned about 0.20% of Invesco Water Resources ETF worth $4,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Crowley Wealth Management Inc. purchased a new stake in Invesco Water Resources ETF in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Invesco Water Resources ETF in the 4th quarter worth approximately $33,000. Sunbelt Securities Inc. bought a new position in shares of Invesco Water Resources ETF during the third quarter valued at approximately $36,000. Kestra Investment Management LLC bought a new position in shares of Invesco Water Resources ETF during the fourth quarter valued at approximately $37,000. Finally, Principal Securities Inc. increased its holdings in Invesco Water Resources ETF by 37.2% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the company’s stock valued at $39,000 after buying an additional 160 shares during the period.

Invesco Water Resources ETF Stock Down 1.5 %

Invesco Water Resources ETF stock opened at $64.29 on Monday. The firm has a market cap of $2.07 billion, a P/E ratio of 25.16 and a beta of 0.96. The business has a fifty day moving average of $66.74 and a two-hundred day moving average of $68.29. Invesco Water Resources ETF has a twelve month low of $62.82 and a twelve month high of $72.59.

Invesco Water Resources ETF Increases Dividend

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

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.