Financial Counselors Inc. Buys Shares of 2,898 Invesco Water Resources ETF (NASDAQ:PHO)

Financial Counselors Inc. bought a new stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the third quarter, Holdings Channel.com reports. The fund bought 2,898 shares of the company’s stock, valued at approximately $204,000.

Other large investors also recently modified their holdings of the company. Cetera Advisors LLC grew its position in shares of Invesco Water Resources ETF by 274.6% during the 1st quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock worth $1,196,000 after buying an additional 13,173 shares during the period. Creative Planning grew its position in shares of Invesco Water Resources ETF by 2.0% during the 2nd quarter. Creative Planning now owns 58,434 shares of the company’s stock worth $3,793,000 after buying an additional 1,120 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Invesco Water Resources ETF during the 2nd quarter worth approximately $242,000. Comerica Bank grew its position in shares of Invesco Water Resources ETF by 8.9% during the 1st quarter. Comerica Bank now owns 23,233 shares of the company’s stock worth $1,547,000 after buying an additional 1,904 shares during the period. Finally, Raymond James & Associates grew its position in Invesco Water Resources ETF by 30.3% in the 2nd quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock valued at $7,563,000 after purchasing an additional 27,112 shares during the period.

Invesco Water Resources ETF Trading Up 0.3 %

NASDAQ PHO opened at $71.76 on Monday. The company has a fifty day simple moving average of $70.17 and a 200 day simple moving average of $68.23. Invesco Water Resources ETF has a 12-month low of $55.85 and a 12-month high of $72.59. The company has a market cap of $2.34 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

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