Bedell Frazier Investment Counselling LLC Buys 470 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Bedell Frazier Investment Counselling LLC raised its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,021 shares of the company’s stock after buying an additional 470 shares during the period. Bedell Frazier Investment Counselling LLC’s holdings in Invesco Water Resources ETF were worth $4,657,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PHO. TruWealth Advisors LLC grew its holdings in shares of Invesco Water Resources ETF by 3.5% during the 2nd quarter. TruWealth Advisors LLC now owns 4,362 shares of the company’s stock valued at $283,000 after purchasing an additional 148 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Invesco Water Resources ETF by 2.6% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 7,514 shares of the company’s stock valued at $488,000 after purchasing an additional 189 shares during the last quarter. Verity Asset Management Inc. grew its holdings in shares of Invesco Water Resources ETF by 0.7% during the 1st quarter. Verity Asset Management Inc. now owns 31,753 shares of the company’s stock valued at $2,114,000 after purchasing an additional 224 shares during the last quarter. O ROURKE & COMPANY Inc grew its holdings in shares of Invesco Water Resources ETF by 0.8% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 29,111 shares of the company’s stock valued at $2,053,000 after purchasing an additional 227 shares during the last quarter. Finally, Private Wealth Advisors LLC grew its holdings in shares of Invesco Water Resources ETF by 1.1% during the 2nd quarter. Private Wealth Advisors LLC now owns 21,044 shares of the company’s stock valued at $1,343,000 after purchasing an additional 230 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

PHO stock opened at $71.12 on Monday. Invesco Water Resources ETF has a 52 week low of $55.62 and a 52 week high of $72.59. The firm’s fifty day moving average is $69.94 and its 200 day moving average is $68.11. The firm has a market cap of $2.32 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

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

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.