Truist Financial Corp Raises Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Truist Financial Corp boosted its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 4.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,422 shares of the company’s stock after buying an additional 2,376 shares during the period. Truist Financial Corp’s holdings in Invesco Water Resources ETF were worth $3,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Invesco Water Resources ETF during the 4th quarter valued at about $35,017,000. NewEdge Wealth LLC bought a new position in shares of Invesco Water Resources ETF during the third quarter valued at approximately $861,000. Tower Research Capital LLC TRC lifted its stake in Invesco Water Resources ETF by 257.0% in the third quarter. Tower Research Capital LLC TRC now owns 19,793 shares of the company’s stock worth $1,053,000 after acquiring an additional 14,248 shares during the period. Cerity Partners LLC boosted its holdings in Invesco Water Resources ETF by 27.5% in the fourth quarter. Cerity Partners LLC now owns 57,126 shares of the company’s stock valued at $3,476,000 after acquiring an additional 12,336 shares in the last quarter. Finally, Retirement Capital Strategies purchased a new position in Invesco Water Resources ETF during the 3rd quarter valued at $592,000.

Invesco Water Resources ETF Trading Up 0.5 %

NASDAQ:PHO opened at $67.16 on Wednesday. Invesco Water Resources ETF has a 12 month low of $49.65 and a 12 month high of $67.31. The company has a 50-day moving average price of $64.90 and a 200-day moving average price of $60.47. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 34.90 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.0629 per share. The ex-dividend date was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.37%.

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.