LPL Financial LLC Buys 76,821 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

LPL Financial LLC increased its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 826,990 shares of the company’s stock after acquiring an additional 76,821 shares during the period. LPL Financial LLC owned about 2.64% of Invesco Water Resources ETF worth $53,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PHO. Assetmark Inc. purchased a new position in Invesco Water Resources ETF during the 1st quarter valued at about $25,000. Redwood Park Advisors LLC purchased a new position in Invesco Water Resources ETF during the 4th quarter valued at about $25,000. Golden State Wealth Management LLC increased its holdings in Invesco Water Resources ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock valued at $32,000 after purchasing an additional 248 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Invesco Water Resources ETF during the 1st quarter valued at about $46,000. Finally, Olde Wealth Management LLC purchased a new position in Invesco Water Resources ETF during the 1st quarter valued at about $51,000.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ:PHO opened at $70.46 on Friday. Invesco Water Resources ETF has a 1 year low of $57.11 and a 1 year high of $72.59. The stock’s 50-day moving average is $69.77 and its 200 day moving average is $67.12. The company has a market cap of $2.19 billion, a PE ratio of 25.38 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.1063 per share. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, June 23rd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.6%.

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.