Transform Wealth LLC Raises Stock Position in Invesco Water Resources ETF (NASDAQ:PHO)

Transform Wealth LLC boosted its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 43.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,907 shares of the company’s stock after acquiring an additional 1,484 shares during the period. Transform Wealth LLC’s holdings in Invesco Water Resources ETF were worth $323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Invesco Water Resources ETF during the 3rd quarter worth about $54,000. Creative Planning raised its holdings in shares of Invesco Water Resources ETF by 2.0% during the second quarter. Creative Planning now owns 58,434 shares of the company’s stock valued at $3,793,000 after acquiring an additional 1,120 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco Water Resources ETF during the second quarter valued at approximately $242,000. Glenmede Trust Co. NA lifted its position in shares of Invesco Water Resources ETF by 8.1% in the third quarter. Glenmede Trust Co. NA now owns 21,400 shares of the company’s stock valued at $1,510,000 after acquiring an additional 1,600 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Invesco Water Resources ETF by 44.0% in the third quarter. JPMorgan Chase & Co. now owns 50,234 shares of the company’s stock worth $3,544,000 after acquiring an additional 15,339 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

NASDAQ PHO opened at $68.75 on Wednesday. The business has a fifty day moving average price of $68.47 and a 200 day moving average price of $68.69. The company has a market cap of $2.22 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a one year low of $58.80 and a one year high of $72.59.

Invesco Water Resources ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.0923 dividend. The ex-dividend date of this dividend was Monday, December 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.