Aspen Wealth Strategies LLC Invests $296,000 in Invesco Water Resources ETF (NASDAQ:PHO)

Aspen Wealth Strategies LLC acquired a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,496 shares of the company’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Invesco Water Resources ETF in the fourth quarter valued at approximately $34,604,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Invesco Water Resources ETF in the fourth quarter valued at approximately $7,366,000. IFP Advisors Inc boosted its holdings in Invesco Water Resources ETF by 945.0% in the fourth quarter. IFP Advisors Inc now owns 35,447 shares of the company’s stock valued at $2,332,000 after purchasing an additional 32,055 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Invesco Water Resources ETF in the fourth quarter valued at approximately $1,731,000. Finally, Prism Advisors Inc. boosted its holdings in Invesco Water Resources ETF by 9.6% in the fourth quarter. Prism Advisors Inc. now owns 206,352 shares of the company’s stock valued at $13,576,000 after purchasing an additional 18,054 shares in the last quarter.

Invesco Water Resources ETF Stock Up 0.8 %

Shares of PHO opened at $65.50 on Tuesday. The stock has a 50 day moving average price of $66.91 and a 200 day moving average price of $68.45. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 25.82 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $62.82 and a 52-week high of $72.59.

Invesco Water Resources ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.0923 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.