Silverlake Wealth Management LLC Increases Stake in Invesco Water Resources ETF (NASDAQ:PHO)

Silverlake Wealth Management LLC raised its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 18.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,301 shares of the company’s stock after purchasing an additional 4,775 shares during the quarter. Invesco Water Resources ETF makes up approximately 0.8% of Silverlake Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Silverlake Wealth Management LLC owned 0.10% of Invesco Water Resources ETF worth $2,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new position in Invesco Water Resources ETF in the 2nd quarter valued at approximately $25,000. Woodmont Investment Counsel LLC bought a new stake in shares of Invesco Water Resources ETF during the 1st quarter valued at $27,000. ESL Trust Services LLC purchased a new stake in Invesco Water Resources ETF during the 1st quarter worth about $27,000. Larson Financial Group LLC bought a new position in Invesco Water Resources ETF in the 2nd quarter worth about $34,000. Finally, ORG Partners LLC purchased a new position in Invesco Water Resources ETF during the 2nd quarter valued at about $38,000.

Invesco Water Resources ETF Trading Up 0.9 %

Shares of Invesco Water Resources ETF stock traded up $0.61 on Friday, reaching $70.22. The stock had a trading volume of 46,510 shares, compared to its average volume of 72,019. The business’s 50 day moving average is $68.66 and its two-hundred day moving average is $67.03. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $71.09. The company has a market cap of $2.28 billion, a P/E ratio of 37.18 and a beta of 0.96.

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 paid a $0.05 dividend. This represents a $0.20 annualized dividend 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.