1832 Asset Management L.P. Boosts Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

1832 Asset Management L.P. grew its position in Invesco Water Resources ETF (NASDAQ:PHO) by 147.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524,079 shares of the company’s stock after purchasing an additional 312,475 shares during the period. 1832 Asset Management L.P.’s holdings in Invesco Water Resources ETF were worth $34,888,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Invesco Water Resources ETF during the fourth quarter worth about $35,017,000. Commonwealth Equity Services LLC raised its stake in Invesco Water Resources ETF by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 410,993 shares of the company’s stock valued at $25,013,000 after acquiring an additional 18,491 shares during the period. Osaic Holdings Inc. lifted its holdings in Invesco Water Resources ETF by 33.4% during the first quarter. Osaic Holdings Inc. now owns 268,709 shares of the company’s stock valued at $17,889,000 after purchasing an additional 67,228 shares during the last quarter. Wells Fargo & Company MN boosted its position in Invesco Water Resources ETF by 6.6% during the fourth quarter. Wells Fargo & Company MN now owns 227,949 shares of the company’s stock worth $13,873,000 after purchasing an additional 14,138 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Invesco Water Resources ETF by 0.8% in the first quarter. Blair William & Co. IL now owns 137,455 shares of the company’s stock worth $9,150,000 after purchasing an additional 1,099 shares in the last quarter.

Invesco Water Resources ETF Trading Up 2.1 %

Shares of PHO stock traded up $1.42 during trading on Friday, reaching $69.68. 57,765 shares of the company’s stock traded hands, compared to its average volume of 73,506. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $70.08. The company has a market capitalization of $2.26 billion, a P/E ratio of 37.18 and a beta of 0.96. The firm’s 50-day moving average is $66.25 and its 200 day moving average is $64.52.

Invesco Water Resources ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.0926 dividend. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.06. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, June 24th.

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.