Truist Financial Corp Acquires 3,385 Shares of Invesco Water Resources ETF $PHO

Truist Financial Corp raised its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 6.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,223 shares of the company’s stock after purchasing an additional 3,385 shares during the period. Truist Financial Corp owned 0.18% of Invesco Water Resources ETF worth $3,931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in Invesco Water Resources ETF during the 1st quarter valued at approximately $25,000. Costello Asset Management INC bought a new position in shares of Invesco Water Resources ETF during the first quarter valued at $26,000. Garde Capital Inc. bought a new position in shares of Invesco Water Resources ETF during the second quarter valued at $32,000. Golden State Wealth Management LLC increased its holdings in shares of Invesco Water Resources ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock valued at $32,000 after acquiring an additional 248 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Invesco Water Resources ETF during the first quarter valued at $46,000.

Invesco Water Resources ETF Stock Performance

NASDAQ:PHO opened at $73.60 on Thursday. The firm has a market cap of $2.29 billion, a P/E ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $74.33. The firm has a 50-day simple moving average of $72.15 and a two-hundred day simple moving average of $68.89.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.093 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.37 annualized dividend and a dividend yield of 0.5%.

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.