Envestnet Asset Management Inc. Boosts Stake in Invesco Water Resources ETF (NASDAQ:PHO)

Envestnet Asset Management Inc. boosted its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,521 shares of the company’s stock after acquiring an additional 822 shares during the quarter. Envestnet Asset Management Inc. owned 0.17% of Invesco Water Resources ETF worth $3,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new stake in Invesco Water Resources ETF during the second quarter worth about $25,000. Woodmont Investment Counsel LLC bought a new stake in Invesco Water Resources ETF in the 1st quarter worth approximately $27,000. ESL Trust Services LLC purchased a new stake in Invesco Water Resources ETF in the first quarter worth approximately $27,000. Larson Financial Group LLC bought a new position in Invesco Water Resources ETF during the second quarter valued at approximately $34,000. Finally, ORG Partners LLC bought a new position in Invesco Water Resources ETF during the second quarter valued at approximately $38,000.

Invesco Water Resources ETF Price Performance

Shares of PHO stock opened at $70.00 on Thursday. The business has a 50-day moving average of $68.52 and a 200 day moving average of $66.81. Invesco Water Resources ETF has a 1-year low of $49.65 and a 1-year high of $71.09. The stock has a market capitalization of $2.26 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Monday, September 23rd.

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.