Prime Capital Investment Advisors LLC Makes New $1.97 Million Investment in Invesco Water Resources ETF (NASDAQ:PHO)

Prime Capital Investment Advisors LLC acquired a new position in Invesco Water Resources ETF (NASDAQ:PHO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,964 shares of the company’s stock, valued at approximately $1,973,000. Prime Capital Investment Advisors LLC owned 0.09% of Invesco Water Resources ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bond & Devick Financial Network Inc. lifted its holdings in Invesco Water Resources ETF by 17.8% in the third quarter. Bond & Devick Financial Network Inc. now owns 18,527 shares of the company’s stock worth $1,307,000 after buying an additional 2,803 shares during the period. Kennebec Savings Bank purchased a new stake in Invesco Water Resources ETF in the third quarter worth about $60,000. Mesirow Financial Investment Management Inc. lifted its holdings in Invesco Water Resources ETF by 9.9% in the third quarter. Mesirow Financial Investment Management Inc. now owns 7,805 shares of the company’s stock worth $551,000 after buying an additional 706 shares during the period. Winthrop Advisory Group LLC purchased a new position in shares of Invesco Water Resources ETF during the third quarter valued at approximately $209,000. Finally, James Investment Research Inc. purchased a new position in shares of Invesco Water Resources ETF during the third quarter valued at approximately $225,000.

Invesco Water Resources ETF Stock Performance

PHO stock opened at $70.87 on Thursday. The firm has a 50 day moving average price of $69.55 and a 200-day moving average price of $67.89. Invesco Water Resources ETF has a 52-week low of $54.04 and a 52-week high of $72.59. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.28%.

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.