Commonwealth Equity Services LLC Increases Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Commonwealth Equity Services LLC lifted its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 388,619 shares of the company’s stock after buying an additional 3,135 shares during the period. Commonwealth Equity Services LLC owned about 1.17% of Invesco Water Resources ETF worth $21,914,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PHO. 1832 Asset Management L.P. boosted its position in Invesco Water Resources ETF by 351,469.0% in the first quarter. 1832 Asset Management L.P. now owns 703,138 shares of the company’s stock worth $36,768,000 after purchasing an additional 702,938 shares during the last quarter. HighTower Advisors LLC boosted its position in Invesco Water Resources ETF by 929.0% in the first quarter. HighTower Advisors LLC now owns 448,630 shares of the company’s stock worth $23,931,000 after purchasing an additional 405,033 shares during the last quarter. LPL Financial LLC boosted its position in Invesco Water Resources ETF by 20.5% in the first quarter. LPL Financial LLC now owns 586,421 shares of the company’s stock worth $31,286,000 after purchasing an additional 99,605 shares during the last quarter. David R. Rahn & Associates Inc. bought a new stake in shares of Invesco Water Resources ETF in the second quarter valued at $4,903,000. Finally, Private Advisor Group LLC bought a new stake in shares of Invesco Water Resources ETF in the first quarter valued at $4,342,000.

Invesco Water Resources ETF Price Performance

Shares of PHO opened at $55.32 on Tuesday. The firm has a market cap of $1.82 billion, a PE ratio of 22.98 and a beta of 0.96. The stock’s fifty day moving average price is $52.95 and its two-hundred day moving average price is $54.60. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $58.45.

Invesco Water Resources ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th were paid a $0.0505 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.36%.

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.