Arkadios Wealth Advisors Takes $654,000 Position in Invesco Water Resources ETF $PHO

Arkadios Wealth Advisors acquired a new stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) during the second quarter, Holdings Channel reports. The fund acquired 9,350 shares of the company’s stock, valued at approximately $654,000.

A number of other large investors have also recently added to or reduced their stakes in PHO. Gitterman Wealth Management LLC bought a new position in Invesco Water Resources ETF during the 1st quarter valued at $23,448,000. Commonwealth Equity Services LLC lifted 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 worth $26,584,000 after purchasing an additional 171,240 shares during the last quarter. LPL Financial LLC lifted 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 worth $53,357,000 after purchasing an additional 76,821 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Invesco Water Resources ETF by 251.5% during the first quarter. Jones Financial Companies Lllp now owns 63,813 shares of the company’s stock worth $4,117,000 after purchasing an additional 45,657 shares during the last quarter. Finally, Strive Asset Management LLC bought a new position in shares of Invesco Water Resources ETF during the first quarter worth about $2,225,000.

Invesco Water Resources ETF Stock Down 0.5%

NASDAQ:PHO opened at $71.10 on Tuesday. The business’s 50 day moving average is $72.48 and its two-hundred day moving average is $70.33. Invesco Water Resources ETF has a 52 week low of $57.11 and a 52 week high of $74.93. The company has a market cap of $2.14 billion, a PE ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

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

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.