Raab & Moskowitz Asset Management LLC Grows Position in Invesco Water Resources ETF $PHO

Raab & Moskowitz Asset Management LLC lifted its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 60,696 shares of the company’s stock after acquiring an additional 450 shares during the quarter. Invesco Water Resources ETF comprises approximately 1.0% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 25th largest holding. Raab & Moskowitz Asset Management LLC’s holdings in Invesco Water Resources ETF were worth $3,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PHO. Gitterman Wealth Management LLC purchased a new stake in shares of Invesco Water Resources ETF during the first quarter valued at $23,448,000. Commonwealth Equity Services LLC boosted its position in shares of Invesco Water Resources ETF by 71.1% during the first quarter. Commonwealth Equity Services LLC now owns 412,021 shares of the company’s stock valued at $26,584,000 after buying an additional 171,240 shares during the last quarter. LPL Financial LLC boosted its position in shares of Invesco Water Resources ETF by 10.2% during the first quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock valued at $53,357,000 after buying an additional 76,821 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of Invesco Water Resources ETF by 6,246.8% during the first quarter. SOA Wealth Advisors LLC. now owns 64,674 shares of the company’s stock valued at $4,173,000 after buying an additional 63,655 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Invesco Water Resources ETF by 3.6% during the fourth quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock valued at $110,940,000 after buying an additional 58,316 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ:PHO opened at $73.49 on Friday. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. The stock’s 50-day simple moving average is $71.65 and its two-hundred day simple moving average is $67.96. Invesco Water Resources ETF has a 52-week low of $57.11 and a 52-week high of $74.33.

Invesco Water Resources ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were given a $0.1063 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.05. This represents a $0.43 annualized dividend and a yield of 0.6%.

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.