Avalon Trust Co Makes New Investment in Invesco Water Resources ETF (NASDAQ:PHO)

Avalon Trust Co purchased a new stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 910 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its holdings in Invesco Water Resources ETF by 2.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 142,054 shares of the company’s stock valued at $7,554,000 after purchasing an additional 3,976 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Invesco Water Resources ETF by 6.3% during the third quarter. Stratos Wealth Partners LTD. now owns 8,638 shares of the company’s stock worth $459,000 after buying an additional 513 shares during the period. TIAA Trust National Association acquired a new stake in shares of Invesco Water Resources ETF in the third quarter valued at $382,000. Bogart Wealth LLC grew its stake in shares of Invesco Water Resources ETF by 1.3% in the third quarter. Bogart Wealth LLC now owns 33,731 shares of the company’s stock valued at $1,794,000 after buying an additional 429 shares in the last quarter. Finally, Cook Wealth Management Group LLC raised its holdings in shares of Invesco Water Resources ETF by 30.0% in the 3rd quarter. Cook Wealth Management Group LLC now owns 7,487 shares of the company’s stock valued at $377,000 after buying an additional 1,728 shares during the period.

Invesco Water Resources ETF Trading Up 1.1 %

Invesco Water Resources ETF stock traded up $0.72 during midday trading on Friday, reaching $66.15. 110,088 shares of the stock traded hands, compared to its average volume of 72,172. The firm has a market cap of $2.12 billion, a PE ratio of 34.90 and a beta of 0.96. The company has a 50-day simple moving average of $64.76 and a two-hundred day simple moving average of $60.19. Invesco Water Resources ETF has a 12-month low of $49.65 and a 12-month high of $66.74.

Invesco Water Resources ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a $0.0629 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, March 18th.

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.