Invesco Water Resources ETF (NASDAQ:PHO) Shares Purchased by KKM Financial LLC

KKM Financial LLC increased its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,782 shares of the company’s stock after buying an additional 245 shares during the period. KKM Financial LLC’s holdings in Invesco Water Resources ETF were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in Invesco Water Resources ETF in the second quarter valued at $25,000. Larson Financial Group LLC acquired a new stake in Invesco Water Resources ETF in the 2nd quarter valued at about $34,000. ORG Partners LLC purchased a new position in Invesco Water Resources ETF during the 2nd quarter valued at about $38,000. Rothschild Investment LLC acquired a new position in Invesco Water Resources ETF during the second quarter worth about $42,000. Finally, McClarren Financial Advisors Inc. raised its position in Invesco Water Resources ETF by 424.0% during the third quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock worth $48,000 after acquiring an additional 547 shares during the last quarter.

Invesco Water Resources ETF Price Performance

PHO stock opened at $71.12 on Friday. The company’s 50 day simple moving average is $69.88 and its 200-day simple moving average is $68.06. Invesco Water Resources ETF has a 12 month low of $55.62 and a 12 month high of $72.59. The firm has a market capitalization of $2.32 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis 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.