Invesco Water Resources ETF (NASDAQ:PHO) Shares Purchased by Mountain Capital Investment Advisors Inc.

Mountain Capital Investment Advisors Inc. raised its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,580 shares of the company’s stock after acquiring an additional 480 shares during the quarter. Mountain Capital Investment Advisors Inc.’s holdings in Invesco Water Resources ETF were worth $446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter worth $34,604,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Invesco Water Resources ETF during the fourth quarter worth about $7,366,000. LPL Financial LLC lifted its position in Invesco Water Resources ETF by 10.2% during the fourth quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock worth $49,354,000 after buying an additional 69,546 shares during the period. IFP Advisors Inc boosted its stake in Invesco Water Resources ETF by 945.0% in the 4th quarter. IFP Advisors Inc now owns 35,447 shares of the company’s stock worth $2,332,000 after buying an additional 32,055 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Invesco Water Resources ETF in the 4th quarter valued at about $1,731,000.

Invesco Water Resources ETF Price Performance

Shares of PHO stock opened at $62.27 on Thursday. The firm’s 50-day simple moving average is $65.44 and its 200-day simple moving average is $67.80. Invesco Water Resources ETF has a 1-year low of $57.11 and a 1-year high of $72.59. The firm has a market cap of $1.99 billion, a P/E ratio of 25.16 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.098 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09.

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.