Financial Counselors Inc. Invests $204,000 in Invesco Water Resources ETF (NASDAQ:PHO)

Financial Counselors Inc. bought a new position in Invesco Water Resources ETF (NASDAQ:PHO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,898 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. TruWealth Advisors LLC raised its holdings in Invesco Water Resources ETF by 3.5% in the 2nd quarter. TruWealth Advisors LLC now owns 4,362 shares of the company’s stock valued at $283,000 after buying an additional 148 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Invesco Water Resources ETF by 2.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 7,514 shares of the company’s stock valued at $488,000 after buying an additional 189 shares during the last quarter. O ROURKE & COMPANY Inc raised its holdings in Invesco Water Resources ETF by 0.8% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 29,111 shares of the company’s stock valued at $2,053,000 after buying an additional 227 shares during the last quarter. Private Wealth Advisors LLC raised its holdings in Invesco Water Resources ETF by 1.1% in the 2nd quarter. Private Wealth Advisors LLC now owns 21,044 shares of the company’s stock valued at $1,343,000 after buying an additional 230 shares during the last quarter. Finally, KKM Financial LLC raised its holdings in Invesco Water Resources ETF by 5.4% in the 3rd quarter. KKM Financial LLC now owns 4,782 shares of the company’s stock valued at $337,000 after buying an additional 245 shares during the last quarter.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ PHO opened at $71.76 on Monday. The firm has a market cap of $2.34 billion, a PE ratio of 37.18 and a beta of 0.96. The company has a 50 day simple moving average of $70.17 and a 200 day simple moving average of $68.23. Invesco Water Resources ETF has a 1 year low of $55.85 and a 1 year high of $72.59.

Invesco Water Resources ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Monday, September 23rd.

About Invesco Water Resources ETF

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.