Stamos Capital Partners L.P. Sells 450 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Stamos Capital Partners L.P. lessened its position in Invesco Water Resources ETF (NASDAQ:PHO) by 7.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,300 shares of the company’s stock after selling 450 shares during the quarter. Stamos Capital Partners L.P.’s holdings in Invesco Water Resources ETF were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Axxcess Wealth Management LLC bought a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $693,000. US Financial Advisors LLC grew its position in Invesco Water Resources ETF by 8.2% in the 4th quarter. US Financial Advisors LLC now owns 4,587 shares of the company’s stock worth $279,000 after purchasing an additional 348 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Invesco Water Resources ETF by 0.6% during the 4th quarter. D.A. Davidson & CO. now owns 26,749 shares of the company’s stock worth $1,628,000 after purchasing an additional 161 shares during the period. AdvisorNet Financial Inc raised its position in shares of Invesco Water Resources ETF by 59,900.0% during the fourth quarter. AdvisorNet Financial Inc now owns 1,800 shares of the company’s stock valued at $110,000 after buying an additional 1,797 shares during the last quarter. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at about $289,000.

Invesco Water Resources ETF Trading Up 2.1 %

PHO traded up $1.42 on Friday, hitting $69.68. 57,762 shares of the stock traded hands, compared to its average volume of 73,506. The business has a fifty day moving average price of $66.23 and a two-hundred day moving average price of $64.45. The firm has a market capitalization of $2.26 billion, a PE ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 52 week low of $49.65 and a 52 week high of $70.08.

Invesco Water Resources ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.0926 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.06.

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.