Sunbelt Securities Inc. Takes Position in Invesco Water Resources ETF (NASDAQ:PHO)

Sunbelt Securities Inc. bought a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 507 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds have also bought and sold shares of PHO. Raab & Moskowitz Asset Management LLC grew its holdings in Invesco Water Resources ETF by 0.3% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 59,898 shares of the company’s stock worth $4,225,000 after acquiring an additional 180 shares during the period. MML Investors Services LLC boosted its position in shares of Invesco Water Resources ETF by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 14,625 shares of the company’s stock valued at $1,032,000 after purchasing an additional 181 shares in the last quarter. MCIA Inc grew its stake in Invesco Water Resources ETF by 28.3% during the third quarter. MCIA Inc now owns 6,100 shares of the company’s stock worth $432,000 after purchasing an additional 1,345 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Invesco Water Resources ETF by 13.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,820 shares of the company’s stock worth $789,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Invesco Water Resources ETF by 5.5% in the third quarter. Stifel Financial Corp now owns 106,627 shares of the company’s stock worth $7,522,000 after purchasing an additional 5,570 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

Invesco Water Resources ETF stock opened at $69.49 on Monday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $58.32 and a 52-week high of $72.59. The stock’s 50 day moving average price is $70.39 and its two-hundred day moving average price is $68.47.

Invesco Water Resources ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco Water Resources ETF

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.