Invesco Water Resources ETF (NASDAQ:PHO) Position Raised by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC raised its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 623.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,320 shares of the company’s stock after purchasing an additional 10,617 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Invesco Water Resources ETF were worth $869,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cetera Advisors LLC boosted its stake in Invesco Water Resources ETF by 274.6% during the first quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock valued at $1,196,000 after buying an additional 13,173 shares in the last quarter. Creative Planning boosted its holdings in Invesco Water Resources ETF by 2.0% during the second quarter. Creative Planning now owns 58,434 shares of the company’s stock worth $3,793,000 after buying an additional 1,120 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Invesco Water Resources ETF in the second quarter valued at $242,000. Comerica Bank boosted its stake in shares of Invesco Water Resources ETF by 8.9% during the 1st quarter. Comerica Bank now owns 23,233 shares of the company’s stock worth $1,547,000 after acquiring an additional 1,904 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Invesco Water Resources ETF by 30.3% in the 2nd quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock worth $7,563,000 after acquiring an additional 27,112 shares during the last quarter.

Invesco Water Resources ETF Stock Up 1.1 %

Shares of NASDAQ PHO opened at $71.12 on Friday. Invesco Water Resources ETF has a 12 month low of $55.62 and a 12 month high of $72.59. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. The business has a fifty day simple moving average of $69.88 and a 200-day simple moving average of $68.06.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%.

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.