Wells Fargo & Company MN Has $14.56 Million Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Wells Fargo & Company MN reduced its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 221,354 shares of the company’s stock after selling 869 shares during the quarter. Wells Fargo & Company MN owned 0.69% of Invesco Water Resources ETF worth $14,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHO. Raymond James Financial Inc. bought a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth $34,604,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Invesco Water Resources ETF in the fourth quarter worth about $7,366,000. LPL Financial LLC boosted its stake in shares of Invesco Water Resources ETF by 10.2% in the 4th quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock valued at $49,354,000 after purchasing an additional 69,546 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Invesco Water Resources ETF by 945.0% during the 4th quarter. IFP Advisors Inc now owns 35,447 shares of the company’s stock valued at $2,332,000 after purchasing an additional 32,055 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Invesco Water Resources ETF during the 4th quarter worth approximately $1,731,000.

Invesco Water Resources ETF Stock Performance

NASDAQ PHO opened at $62.68 on Tuesday. The firm’s fifty day moving average price is $65.10 and its two-hundred day moving average price is $67.61. The stock has a market cap of $1.99 billion, a PE ratio of 24.07 and a beta of 0.99. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $72.59.

Invesco Water Resources ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.098 dividend. The ex-dividend date was Monday, March 24th. This is an increase 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.