MCIA Inc Buys 260 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

MCIA Inc raised its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,755 shares of the company’s stock after acquiring an additional 260 shares during the period. MCIA Inc’s holdings in Invesco Water Resources ETF were worth $319,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cetera Advisors LLC boosted its position in shares of Invesco Water Resources ETF by 274.6% during the 1st quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock worth $1,196,000 after acquiring an additional 13,173 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at $693,000. US Financial Advisors LLC increased its stake in shares of 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 valued at $279,000 after purchasing an additional 348 shares during the last quarter. D.A. Davidson & CO. raised 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 buying an additional 161 shares in the last quarter. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth $289,000.

Invesco Water Resources ETF Trading Up 1.6 %

Invesco Water Resources ETF stock traded up $1.05 during midday trading on Tuesday, reaching $67.46. The company’s stock had a trading volume of 81,787 shares, compared to its average volume of 73,754. The stock has a market cap of $2.18 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 $70.40. The business has a 50-day moving average price of $66.49 and a 200-day moving average price of $65.32.

Invesco Water Resources ETF Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.06. This represents a $0.37 annualized dividend and a dividend yield of 0.55%.

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.