Raab & Moskowitz Asset Management LLC Has $3.96 Million Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Raab & Moskowitz Asset Management LLC increased its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 60,246 shares of the company’s stock after acquiring an additional 348 shares during the period. Invesco Water Resources ETF makes up approximately 1.0% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 25th largest holding. Raab & Moskowitz Asset Management LLC’s holdings in Invesco Water Resources ETF were worth $3,964,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $33,000. Sunbelt Securities Inc. acquired a new position in shares of Invesco Water Resources ETF during the 3rd quarter valued at $36,000. McClarren Financial Advisors Inc. boosted its stake in Invesco Water Resources ETF by 424.0% during the third quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock worth $48,000 after acquiring an additional 547 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Invesco Water Resources ETF in the third quarter worth $54,000. Finally, Kennebec Savings Bank acquired a new stake in Invesco Water Resources ETF in the third quarter worth $60,000.

Invesco Water Resources ETF Trading Down 1.4 %

Shares of NASDAQ PHO opened at $67.14 on Thursday. The firm’s 50-day moving average price is $67.53 and its 200-day moving average price is $68.75. The firm has a market capitalization of $2.17 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 1-year low of $61.05 and a 1-year high of $72.59.

Invesco Water Resources ETF Dividend Announcement

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

About Invesco Water Resources ETF

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.