SOA Wealth Advisors LLC. Increases Stock Position in Invesco Water Resources ETF (NASDAQ:PHO)

SOA Wealth Advisors LLC. boosted its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 6,246.8% in the first quarter, Holdings Channel.com reports. The fund owned 64,674 shares of the company’s stock after buying an additional 63,655 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Invesco Water Resources ETF were worth $4,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in Invesco Water Resources ETF during the 4th quarter worth $1,731,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at about $33,000. Sovran Advisors LLC acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at about $953,000. Van ECK Associates Corp lifted its stake in shares of Invesco Water Resources ETF by 49.6% in the fourth quarter. Van ECK Associates Corp now owns 18,680 shares of the company’s stock valued at $1,229,000 after purchasing an additional 6,196 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at about $7,366,000.

Invesco Water Resources ETF Trading Up 0.0%

Shares of PHO opened at $69.31 on Friday. The stock has a market cap of $2.18 billion, a P/E ratio of 25.09 and a beta of 0.96. The company has a 50-day moving average of $65.23 and a two-hundred day moving average of $66.64. Invesco Water Resources ETF has a 12-month low of $57.11 and a 12-month high of $72.59.

Invesco Water Resources ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.098 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco Water Resources ETF’s previous dividend of $0.09.

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.