Northwestern Mutual Wealth Management Co. Has $7.01 Million Stock Holdings in Invesco Water Resources ETF $PHO

Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 98.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,519 shares of the company’s stock after buying an additional 49,247 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.34% of Invesco Water Resources ETF worth $7,007,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PHO. City Holding Co. acquired a new stake in Invesco Water Resources ETF during the fourth quarter worth about $28,000. Strengthening Families & Communities LLC acquired a new stake in Invesco Water Resources ETF during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. grew its position in Invesco Water Resources ETF by 156.5% during the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after buying an additional 360 shares in the last quarter. Assetmark Inc. grew its position in Invesco Water Resources ETF by 45.4% during the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after buying an additional 184 shares in the last quarter. Finally, AE Wealth Management LLC grew its position in Invesco Water Resources ETF by 42.3% during the third quarter. AE Wealth Management LLC now owns 811 shares of the company’s stock worth $58,000 after buying an additional 241 shares in the last quarter.

Invesco Water Resources ETF Stock Up 0.8%

PHO stock opened at $65.41 on Friday. Invesco Water Resources ETF has a twelve month low of $63.54 and a twelve month high of $74.93. The company has a market cap of $1.99 billion, a PE ratio of 25.38 and a beta of 1.00. The business’s 50-day simple moving average is $67.54 and its 200 day simple moving average is $70.49.

Invesco Water Resources ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.1046 per share. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. This represents a $0.42 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, March 23rd.

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.