Northwestern Mutual Wealth Management Co. Acquires 49,247 Shares of Invesco Water Resources ETF $PHO

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 98.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,519 shares of the company’s stock after purchasing an additional 49,247 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Water Resources ETF were worth $7,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City Holding Co. bought a new position in Invesco Water Resources ETF during the fourth quarter worth about $28,000. Strengthening Families & Communities LLC bought a new position in Invesco Water Resources ETF during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. lifted its stake in Invesco Water Resources ETF by 156.5% during the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after purchasing an additional 360 shares during the period. Assetmark Inc. lifted its stake in Invesco Water Resources ETF by 45.4% during the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after purchasing an additional 184 shares during the period. Finally, AE Wealth Management LLC lifted its stake in Invesco Water Resources ETF by 42.3% during the third quarter. AE Wealth Management LLC now owns 811 shares of the company’s stock worth $58,000 after purchasing an additional 241 shares during the period.

Invesco Water Resources ETF Stock Up 0.8%

Shares of PHO opened at $65.41 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 25.38 and a beta of 1.00. Invesco Water Resources ETF has a 12 month low of $63.54 and a 12 month high of $74.93. The company has a 50-day moving average price of $67.54 and a two-hundred day moving average price of $70.49.

Invesco Water Resources ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.1046 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, March 23rd.

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