Invesco Water Resources ETF $PHO Position Increased by IFP Advisors Inc

IFP Advisors Inc raised its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 3.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,831 shares of the company’s stock after buying an additional 1,550 shares during the period. IFP Advisors Inc owned about 0.15% of Invesco Water Resources ETF worth $3,204,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in Invesco Water Resources ETF during the first quarter worth approximately $25,000. Costello Asset Management INC bought a new stake in Invesco Water Resources ETF during the first quarter worth approximately $26,000. Garde Capital Inc. bought a new stake in Invesco Water Resources ETF during the second quarter worth approximately $32,000. Golden State Wealth Management LLC boosted its holdings in Invesco Water Resources ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock worth $32,000 after buying an additional 248 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Invesco Water Resources ETF during the first quarter worth approximately $46,000.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ:PHO opened at $71.76 on Friday. The company has a market cap of $2.23 billion, a PE ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a 52 week low of $57.11 and a 52 week high of $74.33. The firm has a 50 day simple moving average of $72.23 and a 200 day simple moving average of $68.99.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a $0.093 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.