Raymond James & Associates Has $21.32 Million Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Raymond James & Associates grew its position in Invesco Water Resources ETF (NASDAQ:PHO) by 159.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 302,278 shares of the company’s stock after purchasing an additional 185,770 shares during the period. Raymond James & Associates’ holdings in Invesco Water Resources ETF were worth $21,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PHO. Cetera Advisors LLC lifted its holdings in Invesco Water Resources ETF by 274.6% in the first quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock valued at $1,196,000 after buying an additional 13,173 shares during the period. Creative Planning raised its position in shares of Invesco Water Resources ETF by 2.0% during the 2nd quarter. Creative Planning now owns 58,434 shares of the company’s stock valued at $3,793,000 after acquiring an additional 1,120 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the 2nd quarter valued at $242,000. Comerica Bank boosted its position in shares of Invesco Water Resources ETF by 8.9% in the 1st quarter. Comerica Bank now owns 23,233 shares of the company’s stock worth $1,547,000 after purchasing an additional 1,904 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in shares of Invesco Water Resources ETF by 147.7% in the 1st quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock worth $34,888,000 after purchasing an additional 312,475 shares during the last quarter.

Invesco Water Resources ETF Trading Down 0.7 %

NASDAQ PHO opened at $68.62 on Friday. Invesco Water Resources ETF has a 12 month low of $49.65 and a 12 month high of $71.47. The stock has a 50-day simple moving average of $69.26 and a 200 day simple moving average of $67.33. The company has a market capitalization of $2.24 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%.

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.