EdgeRock Capital LLC Takes Position in Invesco Water Resources ETF (NASDAQ:PHO)

EdgeRock Capital LLC bought a new position in Invesco Water Resources ETF (NASDAQ:PHO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,904 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at approximately $25,000. Planned Solutions Inc. bought a new position in Invesco Water Resources ETF during the fourth quarter worth $35,000. Keener Financial Planning LLC bought a new position in Invesco Water Resources ETF during the fourth quarter worth $37,000. BKM Wealth Management LLC bought a new position in Invesco Water Resources ETF during the fourth quarter worth $39,000. Finally, Avalon Trust Co bought a new position in Invesco Water Resources ETF during the fourth quarter worth $55,000.

Invesco Water Resources ETF Stock Up 0.5 %

Shares of PHO traded up $0.32 during midday trading on Tuesday, reaching $67.16. 242,971 shares of the stock were exchanged, compared to its average volume of 74,446. Invesco Water Resources ETF has a twelve month low of $49.65 and a twelve month high of $67.31. The company has a market cap of $2.15 billion, a P/E ratio of 34.90 and a beta of 0.96. The stock’s 50 day simple moving average is $64.90 and its 200 day simple moving average is $60.47.

Invesco Water Resources ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.0629 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Monday, March 18th.

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.