Stifel Financial Corp Grows Position in Invesco Water Resources ETF (NASDAQ:PHO)

Stifel Financial Corp raised its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,627 shares of the company’s stock after acquiring an additional 5,570 shares during the quarter. Stifel Financial Corp owned approximately 0.33% of Invesco Water Resources ETF worth $7,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. IHT Wealth Management LLC boosted its position in Invesco Water Resources ETF by 1.9% during the third quarter. IHT Wealth Management LLC now owns 8,251 shares of the company’s stock worth $582,000 after acquiring an additional 151 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Invesco Water Resources ETF during the third quarter worth $250,000. FSA Wealth Management LLC purchased a new stake in shares of Invesco Water Resources ETF in the third quarter valued at $184,000. Captrust Financial Advisors increased its stake in Invesco Water Resources ETF by 0.8% in the third quarter. Captrust Financial Advisors now owns 22,492 shares of the company’s stock valued at $1,587,000 after purchasing an additional 189 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Invesco Water Resources ETF in the third quarter valued at $54,000.

Invesco Water Resources ETF Trading Down 0.9 %

Shares of NASDAQ:PHO opened at $69.92 on Friday. Invesco Water Resources ETF has a 12-month low of $57.89 and a 12-month high of $72.59. The stock’s 50-day moving average price is $70.39 and its two-hundred day moving average price is $68.42. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued 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 yield of 0.29%.

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.