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

Summit Financial LLC lifted its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,911 shares of the company’s stock after purchasing an additional 387 shares during the period. Summit Financial LLC’s holdings in Invesco Water Resources ETF were worth $586,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Crowley Wealth Management Inc. purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Invesco Water Resources ETF during the 4th quarter valued at approximately $33,000. Sunbelt Securities Inc. acquired a new position in Invesco Water Resources ETF in the third quarter valued at approximately $36,000. Kestra Investment Management LLC purchased a new position in Invesco Water Resources ETF in the fourth quarter worth approximately $37,000. Finally, Principal Securities Inc. increased its stake in 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 acquiring an additional 160 shares during the last quarter.

Invesco Water Resources ETF Stock Up 1.0 %

NASDAQ:PHO opened at $65.42 on Thursday. The company has a market capitalization of $2.09 billion, a P/E ratio of 25.16 and a beta of 0.96. Invesco Water Resources ETF has a 52 week low of $62.82 and a 52 week high of $72.59. The stock’s fifty day moving average is $66.53 and its two-hundred day moving average is $68.22.

Invesco Water Resources ETF Increases Dividend

The business 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 a boost from Invesco Water Resources ETF’s previous dividend of $0.09.

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.