Fifth Third Bancorp Buys 10,879 Shares of Invesco Water Resources ETF $PHO

Fifth Third Bancorp lifted its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 376.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,769 shares of the company’s stock after buying an additional 10,879 shares during the quarter. Fifth Third Bancorp’s holdings in Invesco Water Resources ETF were worth $921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Golden State Equity Partners acquired a new position in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $609,000. WealthSpring Partners LLC acquired a new stake in Invesco Water Resources ETF during the 4th quarter worth approximately $6,741,000. Thryve Wealth Management LLC acquired a new stake in Invesco Water Resources ETF during the 4th quarter worth approximately $6,812,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Invesco Water Resources ETF during the 4th quarter worth approximately $13,963,000. Finally, EJMK Ventures LLC bought a new stake in Invesco Water Resources ETF in the 4th quarter valued at $549,000.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ PHO opened at $68.43 on Monday. The stock’s fifty day moving average price is $67.34 and its two-hundred day moving average price is $69.25. Invesco Water Resources ETF has a one year low of $63.54 and a one year high of $74.93. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.1228 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.