Sovran Advisors LLC Invests $953,000 in Invesco Water Resources ETF (NASDAQ:PHO)

Sovran Advisors LLC acquired a new stake in Invesco Water Resources ETF (NASDAQ:PHO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,324 shares of the company’s stock, valued at approximately $953,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates increased its stake in shares of Invesco Water Resources ETF by 159.4% during the 3rd quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock worth $21,323,000 after purchasing an additional 185,770 shares in the last quarter. Prism Advisors Inc. grew its holdings in Invesco Water Resources ETF by 9.6% during the 4th quarter. Prism Advisors Inc. now owns 206,352 shares of the company’s stock valued at $13,576,000 after buying an additional 18,054 shares during the last quarter. Stifel Financial Corp increased its position in Invesco Water Resources ETF by 5.5% during the third quarter. Stifel Financial Corp now owns 106,627 shares of the company’s stock worth $7,522,000 after buying an additional 5,570 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its position in Invesco Water Resources ETF by 0.7% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 66,021 shares of the company’s stock worth $4,657,000 after buying an additional 470 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its holdings in shares of Invesco Water Resources ETF by 0.3% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 59,898 shares of the company’s stock worth $4,225,000 after acquiring an additional 180 shares during the last quarter.

Invesco Water Resources ETF Stock Up 0.8 %

PHO opened at $68.09 on Wednesday. The firm has a market cap of $2.20 billion, a P/E ratio of 37.18 and a beta of 0.96. The business’s fifty day simple moving average is $67.63 and its 200 day simple moving average is $68.76. Invesco Water Resources ETF has a 52 week low of $61.05 and a 52 week high of $72.59.

Invesco Water Resources ETF Dividend Announcement

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