Bedell Frazier Investment Counselling LLC Grows Stake in 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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,021 shares of the company’s stock after acquiring an additional 470 shares during the quarter. Bedell Frazier Investment Counselling LLC owned approximately 0.20% of Invesco Water Resources ETF worth $4,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Invesco Water Resources ETF during the 2nd quarter valued at approximately $25,000. Larson Financial Group LLC purchased a new stake in shares of Invesco Water Resources ETF during the 2nd quarter valued at approximately $34,000. ORG Partners LLC purchased a new stake in shares of Invesco Water Resources ETF during the 2nd quarter valued at approximately $38,000. Rothschild Investment LLC purchased a new stake in shares of Invesco Water Resources ETF during the 2nd quarter valued at approximately $42,000. Finally, McClarren Financial Advisors Inc. lifted its stake in shares of Invesco Water Resources ETF by 424.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock valued at $48,000 after buying an additional 547 shares in the last quarter.

Invesco Water Resources ETF Trading Up 1.1 %

Shares of PHO stock opened at $71.12 on Monday. Invesco Water Resources ETF has a 12 month low of $55.62 and a 12 month high of $72.59. The stock has a market capitalization of $2.32 billion, a P/E ratio of 37.18 and a beta of 0.96. The firm’s 50 day moving average is $69.94 and its 200 day moving average is $68.11.

Invesco Water Resources ETF Cuts Dividend

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

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.