Invesco Water Resources ETF (NASDAQ:PHO) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 750,169 shares of the company’s stock after purchasing an additional 69,546 shares during the period. LPL Financial LLC’s holdings in Invesco Water Resources ETF were worth $49,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Invesco Water Resources ETF in the fourth quarter valued at $34,604,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Invesco Water Resources ETF during the fourth quarter worth $7,366,000. IFP Advisors Inc raised its position in shares of Invesco Water Resources ETF by 945.0% during the fourth quarter. IFP Advisors Inc now owns 35,447 shares of the company’s stock worth $2,332,000 after purchasing an additional 32,055 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at $1,731,000. Finally, Prism Advisors Inc. boosted its position in shares of Invesco Water Resources ETF by 9.6% in the 4th quarter. Prism Advisors Inc. now owns 206,352 shares of the company’s stock valued at $13,576,000 after purchasing an additional 18,054 shares during the period.

Invesco Water Resources ETF Trading Down 0.1 %

Shares of PHO opened at $65.28 on Friday. Invesco Water Resources ETF has a 1-year low of $62.82 and a 1-year high of $72.59. The stock has a market capitalization of $2.09 billion, a P/E ratio of 25.16 and a beta of 1.00. The business’s 50-day moving average price is $66.81 and its 200 day moving average price is $68.29.

Invesco Water Resources ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.098 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco Water Resources ETF’s previous dividend of $0.09.

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.