Vise Technologies Inc. Takes $260,000 Position in Invesco Water Resources ETF $PHO

Vise Technologies Inc. acquired a new stake in Invesco Water Resources ETF (NASDAQ:PHO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,716 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds also recently made changes to their positions in the business. Crowley Wealth Management Inc. grew its position in Invesco Water Resources ETF by 11.5% during the second quarter. Crowley Wealth Management Inc. now owns 1,450 shares of the company’s stock valued at $101,000 after buying an additional 150 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Invesco Water Resources ETF by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 32,034 shares of the company’s stock valued at $2,095,000 after acquiring an additional 154 shares during the last quarter. Wellington Shields & Co. LLC grew its position in shares of Invesco Water Resources ETF by 3.6% during the 1st quarter. Wellington Shields & Co. LLC now owns 4,772 shares of the company’s stock valued at $308,000 after acquiring an additional 167 shares during the period. US Bancorp DE grew its position in shares of Invesco Water Resources ETF by 1.6% during the 1st quarter. US Bancorp DE now owns 11,002 shares of the company’s stock valued at $710,000 after acquiring an additional 168 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in shares of Invesco Water Resources ETF by 2.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 8,424 shares of the company’s stock worth $589,000 after purchasing an additional 185 shares during the last quarter.

Invesco Water Resources ETF Trading Down 1.5%

NASDAQ:PHO opened at $70.42 on Tuesday. The firm’s 50 day moving average is $72.25 and its 200 day moving average is $70.91. 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 $2.11 billion, a PE ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

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

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.