Nwam LLC Has $2.32 Million Stock Holdings in Invesco Water Resources ETF $PHO

Nwam LLC boosted its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 756.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,636 shares of the company’s stock after purchasing an additional 29,710 shares during the quarter. Nwam LLC owned about 0.12% of Invesco Water Resources ETF worth $2,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its holdings in shares of Invesco Water Resources ETF by 1,232.1% during the fourth 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 last quarter. Hamilton Wealth LLC boosted its position in shares of Invesco Water Resources ETF by 110.0% in the first quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock valued at $16,517,000 after acquiring an additional 129,405 shares during the period. Thryve Wealth Management LLC acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter worth $6,812,000. WealthSpring Partners LLC acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter worth $6,741,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Invesco Water Resources ETF by 98.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 99,519 shares of the company’s stock worth $7,007,000 after acquiring an additional 49,247 shares during the period.

Invesco Water Resources ETF Trading Down 1.7%

Shares of PHO stock opened at $70.12 on Wednesday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 25.38 and a beta of 0.95. Invesco Water Resources ETF has a 1 year low of $63.54 and a 1 year high of $74.93. The firm’s fifty day simple moving average is $70.37 and its 200 day simple moving average is $68.97.

Invesco Water Resources ETF Dividend Announcement

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

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