TD Private Client Wealth LLC Buys 302 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

TD Private Client Wealth LLC raised its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 25.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,500 shares of the company’s stock after buying an additional 302 shares during the period. TD Private Client Wealth LLC’s holdings in Invesco Water Resources ETF were worth $99,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PHO. Wingate Wealth Advisors Inc. bought a new stake in shares of Invesco Water Resources ETF in the 4th quarter valued at $33,000. Sunbelt Securities Inc. acquired a new position in Invesco Water Resources ETF in the third quarter valued at about $36,000. Kestra Investment Management LLC bought a new stake in shares of Invesco Water Resources ETF in the fourth quarter worth about $37,000. Principal Securities Inc. raised its position in shares of Invesco Water Resources ETF by 37.2% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the company’s stock worth $39,000 after purchasing an additional 160 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in shares of Invesco Water Resources ETF during the 4th quarter valued at about $45,000.

Invesco Water Resources ETF Stock Performance

NASDAQ PHO opened at $65.24 on Wednesday. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 25.82 and a beta of 0.96. The business has a 50 day simple moving average of $66.88 and a 200 day simple moving average of $68.33. Invesco Water Resources ETF has a 52-week low of $62.82 and a 52-week high of $72.59.

Invesco Water Resources ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.098 per share. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date of this dividend is Monday, March 24th.

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.