McClarren Financial Advisors Inc. Acquires 547 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

McClarren Financial Advisors Inc. boosted its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 424.0% in the third quarter, Holdings Channel.com reports. The fund owned 676 shares of the company’s stock after acquiring an additional 547 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Invesco Water Resources ETF were worth $48,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC bought a new position in Invesco Water Resources ETF in the 1st quarter worth about $200,000. O ROURKE & COMPANY Inc raised its position in Invesco Water Resources ETF by 5.8% during the 1st quarter. O ROURKE & COMPANY Inc now owns 28,423 shares of the company’s stock valued at $1,892,000 after purchasing an additional 1,555 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new stake in shares of Invesco Water Resources ETF in the 1st quarter worth $27,000. Kovack Advisors Inc. bought a new position in Invesco Water Resources ETF during the 1st quarter worth about $218,000. Finally, American Institute for Advanced Investment Management LLP boosted its position in Invesco Water Resources ETF by 2.3% during the first quarter. American Institute for Advanced Investment Management LLP now owns 16,665 shares of the company’s stock valued at $1,109,000 after purchasing an additional 370 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of Invesco Water Resources ETF stock opened at $70.69 on Monday. The company has a market capitalization of $2.30 billion, a PE ratio of 37.18 and a beta of 0.96. The company has a 50-day simple moving average of $69.08 and a two-hundred day simple moving average of $67.22. Invesco Water Resources ETF has a one year low of $49.65 and a one year high of $71.47.

Invesco Water Resources ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.28%.

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.