Wingate Wealth Advisors Inc. Makes New Investment in Invesco Water Resources ETF (NASDAQ:PHO)

Wingate Wealth Advisors Inc. acquired a new stake in Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 500 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates grew its position in Invesco Water Resources ETF by 159.4% in the 3rd quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock valued at $21,323,000 after purchasing an additional 185,770 shares during the period. Prism Advisors Inc. lifted its stake in shares of Invesco Water Resources ETF by 25.7% in the third quarter. Prism Advisors Inc. now owns 188,298 shares of the company’s stock valued at $13,283,000 after buying an additional 38,476 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Invesco Water Resources ETF during the third quarter valued at about $1,973,000. Strategic Financial Concepts LLC bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter worth about $1,731,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Invesco Water Resources ETF by 44.0% in the 3rd 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

PHO stock opened at $68.09 on Wednesday. The business has a 50-day simple moving average of $67.63 and a two-hundred day simple moving average of $68.76. The company has a market capitalization of $2.20 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $61.05 and a 52-week high of $72.59.

Invesco Water Resources ETF Announces Dividend

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

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.