Thryve Wealth Management LLC Invests $6.81 Million in Invesco Water Resources ETF $PHO

Thryve Wealth Management LLC bought a new stake in Invesco Water Resources ETF (NASDAQ:PHO) during the fourth quarter, HoldingsChannel.com reports. The fund bought 96,754 shares of the company’s stock, valued at approximately $6,812,000. Invesco Water Resources ETF accounts for 3.4% of Thryve Wealth Management LLC’s holdings, making the stock its 7th biggest holding.

Other hedge funds have also bought and sold shares of the company. City Holding Co. acquired a new position in Invesco Water Resources ETF during the fourth quarter worth approximately $28,000. Strengthening Families & Communities LLC acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $30,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. boosted its stake in shares of Invesco Water Resources ETF by 156.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after acquiring an additional 360 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Invesco Water Resources ETF by 45.4% during the 3rd quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after acquiring an additional 184 shares during the last quarter.

Invesco Water Resources ETF Trading Up 0.9%

PHO opened at $67.36 on Friday. Invesco Water Resources ETF has a 1-year low of $63.54 and a 1-year high of $74.93. The stock’s fifty day simple moving average is $67.34 and its 200 day simple moving average is $69.79. The stock has a market cap of $2.05 billion, a PE ratio of 25.38 and a beta of 0.97.

Invesco Water Resources ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.1046 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.