Invesco Water Resources ETF $PHO Stake Increased by Prism Advisors Inc.

Prism Advisors Inc. lifted its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 12.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 186,428 shares of the company’s stock after acquiring an additional 19,912 shares during the quarter. Invesco Water Resources ETF comprises about 3.3% of Prism Advisors Inc.’s investment portfolio, making the stock its 11th largest position. Prism Advisors Inc.’s holdings in Invesco Water Resources ETF were worth $12,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PHO. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Invesco Water Resources ETF during the 4th quarter valued at about $668,000. Guardian Capital LP purchased a new stake in shares of Invesco Water Resources ETF in the third quarter worth approximately $1,637,000. Golden State Equity Partners acquired a new stake in shares of Invesco Water Resources ETF during the fourth quarter worth approximately $609,000. WealthSpring Partners LLC acquired a new stake in shares of Invesco Water Resources ETF during the fourth quarter worth approximately $6,741,000. Finally, Thryve Wealth Management LLC acquired a new stake in shares of Invesco Water Resources ETF during the fourth quarter worth approximately $6,812,000.

Invesco Water Resources ETF Stock Performance

Shares of PHO opened at $69.08 on Wednesday. The company has a market capitalization of $2.10 billion, a PE ratio of 25.38 and a beta of 0.97. The company’s 50 day moving average price is $67.10 and its 200 day moving average price is $69.59. Invesco Water Resources ETF has a 52 week low of $63.54 and a 52 week high of $74.93.

Invesco Water Resources ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.1228 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.7%.

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