Millstone Evans Group LLC Makes New Investment in Invesco Water Resources ETF (NASDAQ:PHO)

Millstone Evans Group LLC bought a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, Holdings Channel reports. The firm bought 3,302 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PHO. Raymond James Financial Inc. bought a new position in shares of Invesco Water Resources ETF during the fourth quarter worth $34,604,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Invesco Water Resources ETF in the 4th quarter valued at $7,366,000. IFP Advisors Inc lifted its position in Invesco Water Resources ETF by 945.0% in the 4th quarter. IFP Advisors Inc now owns 35,447 shares of the company’s stock valued at $2,332,000 after acquiring an additional 32,055 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Invesco Water Resources ETF in the 4th quarter valued at $1,731,000. Finally, Prism Advisors Inc. lifted its position in Invesco Water Resources ETF by 9.6% in the 4th quarter. Prism Advisors Inc. now owns 206,352 shares of the company’s stock valued at $13,576,000 after acquiring an additional 18,054 shares in the last quarter.

Invesco Water Resources ETF Trading Down 1.1 %

PHO opened at $64.34 on Friday. The stock has a market capitalization of $2.08 billion, a P/E ratio of 25.82 and a beta of 0.96. Invesco Water Resources ETF has a 12 month low of $62.82 and a 12 month high of $72.59. The firm’s fifty day simple moving average is $66.91 and its 200 day simple moving average is $68.34.

Invesco Water Resources ETF Dividend Announcement

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