D.A. Davidson & CO. Buys 27,010 Shares of Invesco Water Resources ETF $PHO

D.A. Davidson & CO. increased its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 62.7% in the 1st quarter, Holdings Channel reports. The firm owned 70,106 shares of the company’s stock after purchasing an additional 27,010 shares during the period. D.A. Davidson & CO.’s holdings in Invesco Water Resources ETF were worth $4,687,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new position in Invesco Water Resources ETF during the fourth quarter valued at approximately $27,057,000. Corient Private Wealth LLC boosted its holdings in shares of Invesco Water Resources ETF by 1,232.1% during the 4th quarter. Corient Private Wealth LLC now owns 248,991 shares of the company’s stock worth $17,531,000 after buying an additional 230,299 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth $13,963,000. Thryve Wealth Management LLC acquired a new position in Invesco Water Resources ETF in the 4th quarter valued at $6,812,000. Finally, WealthSpring Partners LLC acquired a new position in Invesco Water Resources ETF in the 4th quarter valued at $6,741,000.

Invesco Water Resources ETF Price Performance

Shares of PHO opened at $69.03 on Friday. The company has a market capitalization of $1.98 billion, a PE ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a one year low of $63.54 and a one year high of $74.93. The company’s fifty day moving average price is $67.14 and its 200 day moving average price is $69.37.

Invesco Water Resources ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.1228 dividend. This represents a $0.49 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.