Axxcess Wealth Management LLC Purchases New Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Axxcess Wealth Management LLC purchased a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,384 shares of the company’s stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its position in shares of Invesco Water Resources ETF by 2.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 142,054 shares of the company’s stock valued at $7,554,000 after acquiring an additional 3,976 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Invesco Water Resources ETF by 6.3% during the third quarter. Stratos Wealth Partners LTD. now owns 8,638 shares of the company’s stock valued at $459,000 after purchasing an additional 513 shares during the period. TIAA Trust National Association purchased a new stake in Invesco Water Resources ETF in the third quarter worth $382,000. Bogart Wealth LLC raised its stake in shares of Invesco Water Resources ETF by 1.3% in the third quarter. Bogart Wealth LLC now owns 33,731 shares of the company’s stock valued at $1,794,000 after buying an additional 429 shares during the period. Finally, Cook Wealth Management Group LLC lifted its position in shares of Invesco Water Resources ETF by 30.0% during the 3rd quarter. Cook Wealth Management Group LLC now owns 7,487 shares of the company’s stock valued at $377,000 after buying an additional 1,728 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

PHO stock opened at $66.84 on Tuesday. The stock has a fifty day moving average of $64.83 and a 200-day moving average of $60.35. Invesco Water Resources ETF has a fifty-two week low of $49.65 and a fifty-two week high of $66.84. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 34.90 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a dividend of $0.0629 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 0.38%.

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.