Steward Partners Investment Advisory LLC Boosts Stake in Invesco Water Resources ETF (NASDAQ:PHO)

Steward Partners Investment Advisory LLC increased its position in Invesco Water Resources ETF (NASDAQ:PHO) by 17.4% in the 4th quarter, Holdings Channel reports. The firm owned 26,715 shares of the company’s stock after buying an additional 3,969 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Invesco Water Resources ETF were worth $1,758,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in PHO. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Invesco Water Resources ETF by 9.9% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 7,805 shares of the company’s stock valued at $551,000 after purchasing an additional 706 shares during the last quarter. Kennebec Savings Bank acquired a new position in Invesco Water Resources ETF in the 3rd quarter valued at about $60,000. Bond & Devick Financial Network Inc. increased its position in Invesco Water Resources ETF by 17.8% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 18,527 shares of the company’s stock valued at $1,307,000 after acquiring an additional 2,803 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in Invesco Water Resources ETF in the 3rd quarter valued at about $1,973,000. Finally, Private Wealth Advisors LLC increased its position in Invesco Water Resources ETF by 1.4% in the 3rd quarter. Private Wealth Advisors LLC now owns 21,335 shares of the company’s stock valued at $1,494,000 after acquiring an additional 291 shares during the period.

Invesco Water Resources ETF Stock Up 1.2 %

Shares of PHO stock opened at $67.06 on Friday. The stock has a market capitalization of $2.16 billion, a PE ratio of 26.66 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $62.82 and a 52-week high of $72.59. The stock’s 50-day moving average price is $66.99 and its 200 day moving average price is $68.63.

Invesco Water Resources ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.0923 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.