Truist Financial Corp Has $990,000 Stock Position in Invesco Water Resources ETF $PHO

Truist Financial Corp reduced its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 75.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,059 shares of the company’s stock after selling 42,885 shares during the quarter. Truist Financial Corp’s holdings in Invesco Water Resources ETF were worth $990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Invesco Water Resources ETF by 2.2% during the 3rd quarter. Bank of America Corp DE now owns 1,638,327 shares of the company’s stock worth $118,140,000 after acquiring an additional 34,972 shares during the period. UBS Group AG boosted its stake in shares of Invesco Water Resources ETF by 4.8% during the 3rd quarter. UBS Group AG now owns 443,460 shares of the company’s stock worth $31,978,000 after acquiring an additional 20,261 shares during the period. HighTower Advisors LLC boosted its stake in shares of Invesco Water Resources ETF by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 419,964 shares of the company’s stock worth $30,284,000 after acquiring an additional 3,308 shares during the period. Perigon Wealth Management LLC bought a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $27,057,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $13,963,000.

Invesco Water Resources ETF Trading Down 1.4%

Shares of NASDAQ PHO opened at $64.38 on Friday. Invesco Water Resources ETF has a 12 month low of $64.34 and a 12 month high of $74.93. The stock has a 50 day moving average of $67.99 and a 200-day moving average of $70.75. The company has a market capitalization of $1.95 billion, a P/E ratio of 25.38 and a beta of 1.00.

Invesco Water Resources ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.1046 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.7%. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.08.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.