Atlantic Union Bankshares Corp Takes $442,000 Position in Invesco Water Resources ETF $PHO

Atlantic Union Bankshares Corp purchased a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,323 shares of the company’s stock, valued at approximately $442,000.

Several other large investors have also made changes to their positions in the business. Assetmark Inc. purchased a new stake in Invesco Water Resources ETF during the first quarter worth $25,000. Costello Asset Management INC acquired a new stake in Invesco Water Resources ETF in the 1st quarter valued at approximately $26,000. Garde Capital Inc. acquired a new stake in shares of Invesco Water Resources ETF during the second quarter worth about $32,000. Keener Financial Planning LLC purchased a new stake in Invesco Water Resources ETF during the 2nd quarter worth about $41,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Invesco Water Resources ETF in the first quarter valued at $46,000.

Invesco Water Resources ETF Stock Up 0.6%

Shares of NASDAQ PHO opened at $72.08 on Friday. Invesco Water Resources ETF has a 52-week low of $57.11 and a 52-week high of $74.93. The stock has a market cap of $2.16 billion, a PE ratio of 25.38 and a beta of 1.02. The business has a 50-day moving average price of $72.36 and a 200 day moving average price of $70.55.

Invesco Water Resources ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.093 dividend. 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.