Invesco Water Resources ETF $PHO Stock Position Raised by IFP Advisors Inc

IFP Advisors Inc lifted its position in Invesco Water Resources ETF (NASDAQ:PHO) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,831 shares of the company’s stock after acquiring an additional 1,550 shares during the quarter. IFP Advisors Inc’s holdings in Invesco Water Resources ETF were worth $3,204,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its position in Invesco Water Resources ETF by 5.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,992 shares of the company’s stock worth $580,000 after buying an additional 497 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Invesco Water Resources ETF by 100.0% in the 1st 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. Fifth Third Bancorp lifted its position in Invesco Water Resources ETF by 11.2% in the 1st quarter. Fifth Third Bancorp now owns 2,890 shares of the company’s stock worth $186,000 after buying an additional 290 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Invesco Water Resources ETF by 33.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,348 shares of the company’s stock worth $2,797,000 after buying an additional 10,839 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Invesco Water Resources ETF by 10.2% in the 1st quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock worth $53,357,000 after buying an additional 76,821 shares in the last quarter.

Invesco Water Resources ETF Stock Down 1.3%

PHO stock opened at $71.76 on Friday. Invesco Water Resources ETF has a 12-month low of $57.11 and a 12-month high of $74.33. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. The company has a 50 day moving average of $72.23 and a two-hundred day moving average of $68.99.

Invesco Water Resources ETF Cuts Dividend

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

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.