Invesco Water Resources ETF (NASDAQ:PHO) Position Raised by Ferguson Wellman Capital Management Inc.

Posted by Defense World Staff on Mar 23rd, 2023

Ferguson Wellman Capital Management Inc. raised its stake in Invesco Water Resources ETF (NASDAQ:PHO – Get Rating) by 5.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,158 shares of the company’s stock after buying an additional 450 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Invesco Water Resources ETF were worth $420,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in shares of Invesco Water Resources ETF during the third quarter valued at about $25,000. My Personal CFO LLC bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at about $46,000. Aptus Capital Advisors LLC raised its stake in shares of Invesco Water Resources ETF by 1,304.0% during the third quarter. Aptus Capital Advisors LLC now owns 1,053 shares of the company’s stock valued at $48,000 after purchasing an additional 978 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Invesco Water Resources ETF during the third quarter valued at about $49,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Invesco Water Resources ETF during the second quarter valued at about $54,000.

Invesco Water Resources ETF Stock Down 1.4 %

Shares of NASDAQ PHO opened at $50.88 on Thursday. Invesco Water Resources ETF has a fifty-two week low of $43.22 and a fifty-two week high of $55.77. The firm’s 50-day simple moving average is $53.26 and its 200 day simple moving average is $51.32. The stock has a market cap of $1.68 billion, a P/E ratio of 22.98 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Tuesday, March 21st will be given a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Monday, March 20th.

About Invesco Water Resources ETF

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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.