D.A. Davidson & CO. Boosts Stake in Invesco Water Resources ETF $PHO

D.A. Davidson & CO. lifted its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,871 shares of the company’s stock after buying an additional 802 shares during the quarter. D.A. Davidson & CO. owned 0.05% of Invesco Water Resources ETF worth $1,110,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Gitterman Wealth Management LLC purchased a new stake in Invesco Water Resources ETF during the first quarter worth $23,448,000. Commonwealth Equity Services LLC boosted its position in Invesco Water Resources ETF by 71.1% during the first quarter. Commonwealth Equity Services LLC now owns 412,021 shares of the company’s stock worth $26,584,000 after purchasing an additional 171,240 shares in the last quarter. LPL Financial LLC boosted its position in Invesco Water Resources ETF by 10.2% during the first quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock worth $53,357,000 after purchasing an additional 76,821 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Invesco Water Resources ETF by 251.5% during the first quarter. Jones Financial Companies Lllp now owns 63,813 shares of the company’s stock worth $4,117,000 after purchasing an additional 45,657 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new stake in shares of Invesco Water Resources ETF in the first quarter valued at $2,225,000.

Invesco Water Resources ETF Stock Down 0.7%

Shares of NASDAQ:PHO opened at $73.94 on Tuesday. Invesco Water Resources ETF has a 52-week low of $57.11 and a 52-week high of $74.93. The stock’s fifty day simple moving average is $72.61 and its 200-day simple moving average is $69.93. The company has a market capitalization of $2.23 billion, a P/E ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

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

Invesco Water Resources ETF Company 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.