HB Wealth Management LLC Buys Shares of 4,644 Invesco Water Resources ETF (NASDAQ:PHO)

HB Wealth Management LLC bought a new stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,644 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at $34,604,000. SOA Wealth Advisors LLC. grew its position in shares of Invesco Water Resources ETF by 6,246.8% in the 1st quarter. SOA Wealth Advisors LLC. now owns 64,674 shares of the company’s stock worth $4,173,000 after buying an additional 63,655 shares during the last quarter. Bank of America Corp DE grew its position in shares of Invesco Water Resources ETF by 3.6% in the 4th quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock worth $110,940,000 after buying an additional 58,316 shares during the last quarter. GAMMA Investing LLC grew its position in Invesco Water Resources ETF by 6,352.1% during the 1st quarter. GAMMA Investing LLC now owns 26,260 shares of the company’s stock worth $16,940,000 after purchasing an additional 25,853 shares during the last quarter. Finally, McGinn Penninger Investment Management Inc. purchased a new stake in Invesco Water Resources ETF during the 1st quarter worth approximately $1,014,000.

Invesco Water Resources ETF Price Performance

Shares of PHO stock opened at $70.03 on Friday. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. The business has a fifty day moving average of $69.82 and a 200 day moving average of $67.15. Invesco Water Resources ETF has a 1 year low of $57.11 and a 1 year high of $72.59.

Invesco Water Resources ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a $0.1063 dividend. 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 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.