Invesco Water Resources ETF (NASDAQ:PHO) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 4.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,855 shares of the company’s stock after buying an additional 835 shares during the period. Corient Private Wealth LLC’s holdings in Invesco Water Resources ETF were worth $1,372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at about $34,604,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Invesco Water Resources ETF in the fourth quarter worth approximately $7,366,000. IFP Advisors Inc grew its holdings in Invesco Water Resources ETF by 945.0% during the 4th quarter. IFP Advisors Inc now owns 35,447 shares of the company’s stock worth $2,332,000 after acquiring an additional 32,055 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Invesco Water Resources ETF in the 4th quarter valued at approximately $1,731,000. Finally, Prism Advisors Inc. raised its holdings 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 in the last quarter.

Invesco Water Resources ETF Trading Up 0.1 %

Invesco Water Resources ETF stock opened at $65.24 on Wednesday. The company has a fifty day simple moving average of $66.88 and a 200-day simple moving average of $68.33. The stock has a market cap of $2.10 billion, a P/E ratio of 25.82 and a beta of 0.96. Invesco Water Resources ETF has a 12-month low of $62.82 and a 12-month high of $72.59.

Invesco Water Resources ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued 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 is Monday, March 24th.

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.