Parkside Financial Bank & Trust Takes Position in Invesco Water Resources ETF (NASDAQ:PHO)

Parkside Financial Bank & Trust acquired a new stake in Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, HoldingsChannel reports. The fund acquired 4,750 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PHO. Verity Asset Management Inc. boosted its holdings in shares of Invesco Water Resources ETF by 0.6% during the 3rd quarter. Verity Asset Management Inc. now owns 31,868 shares of the company’s stock worth $1,695,000 after buying an additional 191 shares during the period. Spire Wealth Management boosted its holdings in Invesco Water Resources ETF by 1.3% in the 3rd quarter. Spire Wealth Management now owns 16,588 shares of the company’s stock valued at $882,000 after purchasing an additional 211 shares during the period. Signaturefd LLC boosted its holdings in Invesco Water Resources ETF by 27.6% in the 3rd quarter. Signaturefd LLC now owns 1,485 shares of the company’s stock valued at $79,000 after purchasing an additional 321 shares during the period. Nilsine Partners LLC boosted its holdings in Invesco Water Resources ETF by 1.4% in the 3rd quarter. Nilsine Partners LLC now owns 24,221 shares of the company’s stock valued at $1,288,000 after purchasing an additional 340 shares during the period. Finally, US Financial Advisors LLC raised its position in shares of Invesco Water Resources ETF by 9.6% in the 3rd quarter. US Financial Advisors LLC now owns 4,239 shares of the company’s stock valued at $225,000 after buying an additional 370 shares in the last quarter.

Invesco Water Resources ETF Stock Down 0.8 %

Shares of NASDAQ:PHO traded down $0.54 during midday trading on Wednesday, hitting $64.40. The stock had a trading volume of 17,457 shares, compared to its average volume of 72,399. The company’s 50-day moving average price is $64.37 and its 200-day moving average price is $59.50. The company has a market capitalization of $2.05 billion, a P/E ratio of 34.93 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $49.65 and a fifty-two week high of $66.74.

Invesco Water Resources ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a $0.0629 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, March 18th.

Invesco Water Resources ETF Company 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.