Invesco Water Resources ETF (NASDAQ:PHO) Announces Quarterly Dividend of $0.08

Invesco Water Resources ETF (NASDAQ:PHO) announced a quarterly dividend on Monday, December 22nd. Investors of record on Monday, December 22nd will be paid a dividend of 0.0833 per share on Friday, December 26th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd.

Invesco Water Resources ETF Trading Up 0.8%

Shares of NASDAQ:PHO traded up $0.57 during midday trading on Monday, hitting $71.87. The stock had a trading volume of 70,890 shares, compared to its average volume of 61,414. Invesco Water Resources ETF has a 1 year low of $57.11 and a 1 year high of $74.93. The stock has a 50 day moving average price of $72.05 and a two-hundred day moving average price of $71.54. The company has a market capitalization of $2.15 billion, a PE ratio of 25.38 and a beta of 1.02.

Hedge Funds Weigh In On Invesco Water Resources ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its holdings in shares of Invesco Water Resources ETF by 251.5% in the 1st quarter. Jones Financial Companies Lllp now owns 63,813 shares of the company’s stock worth $4,117,000 after acquiring an additional 45,657 shares during the period. Bank of America Corp DE lifted its holdings in Invesco Water Resources ETF by 2.2% in the 3rd quarter. Bank of America Corp DE now owns 1,638,327 shares of the company’s stock valued at $118,140,000 after purchasing an additional 34,972 shares in the last quarter. Strive Asset Management LLC acquired a new stake in Invesco Water Resources ETF during the first quarter worth approximately $2,225,000. Focus Partners Wealth grew its position in shares of Invesco Water Resources ETF by 315.6% in the first quarter. Focus Partners Wealth now owns 39,612 shares of the company’s stock valued at $2,556,000 after purchasing an additional 30,080 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Invesco Water Resources ETF in the 3rd quarter valued at about $1,965,000.

About Invesco Water Resources ETF

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.