Envestnet Asset Management Inc. Buys 6,303 Shares of Invesco Water Resources ETF $PHO

Envestnet Asset Management Inc. lifted its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 14.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,651 shares of the company’s stock after acquiring an additional 6,303 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Invesco Water Resources ETF worth $3,471,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wealthfront Advisers LLC raised its holdings in shares of Invesco Water Resources ETF by 10.4% during the second quarter. Wealthfront Advisers LLC now owns 6,932 shares of the company’s stock valued at $485,000 after purchasing an additional 651 shares during the period. Briaud Financial Planning Inc bought a new stake in Invesco Water Resources ETF in the 2nd quarter valued at about $121,000. FSM Wealth Advisors LLC bought a new stake in Invesco Water Resources ETF in the 2nd quarter valued at about $736,000. D.A. Davidson & CO. raised its stake in Invesco Water Resources ETF by 5.3% during the 2nd quarter. D.A. Davidson & CO. now owns 15,871 shares of the company’s stock worth $1,110,000 after buying an additional 802 shares during the period. Finally, Lyell Wealth Management LP bought a new position in Invesco Water Resources ETF in the second quarter worth approximately $302,000.

Invesco Water Resources ETF Stock Performance

Shares of Invesco Water Resources ETF stock opened at $71.50 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 50 day moving average price of $72.31 and a two-hundred day moving average price of $70.83. The stock has a market capitalization of $2.14 billion, a PE ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Cuts Dividend

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

Invesco Water Resources ETF 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.