Invesco Water Resources ETF $PHO Position Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its position in Invesco Water Resources ETF (NASDAQ:PHO) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,556 shares of the company’s stock after purchasing an additional 1,075 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Invesco Water Resources ETF were worth $1,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gitterman Wealth Management LLC bought a new stake in shares of Invesco Water Resources ETF in the 1st quarter worth $23,448,000. Commonwealth Equity Services LLC grew its holdings in 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 acquiring an additional 171,240 shares during the period. Jones Financial Companies Lllp raised its position in Invesco Water Resources ETF by 251.5% in the first quarter. Jones Financial Companies Lllp now owns 63,813 shares of the company’s stock worth $4,117,000 after acquiring an additional 45,657 shares in the last quarter. Strive Asset Management LLC bought a new stake in Invesco Water Resources ETF in the first quarter worth about $2,225,000. Finally, Focus Partners Wealth lifted its holdings in Invesco Water Resources ETF by 315.6% in the 1st quarter. Focus Partners Wealth now owns 39,612 shares of the company’s stock valued at $2,556,000 after acquiring an additional 30,080 shares during the last quarter.

Invesco Water Resources ETF Price Performance

Shares of PHO opened at $72.53 on Friday. The firm’s 50 day moving average is $72.21 and its 200-day moving average is $71.16. Invesco Water Resources ETF has a 12-month low of $57.11 and a 12-month high of $74.93. The stock has a market capitalization of $2.17 billion, a P/E ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.093 dividend. 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.