Golden State Equity Partners Makes New Investment in Invesco Water Resources ETF $PHO

Golden State Equity Partners acquired a new position in Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,653 shares of the company’s stock, valued at approximately $609,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PHO. City Holding Co. bought a new position in shares of Invesco Water Resources ETF during the fourth quarter valued at $28,000. Eastern Bank purchased a new position in Invesco Water Resources ETF in the third quarter worth about $29,000. Geneos Wealth Management Inc. boosted its position in Invesco Water Resources ETF by 156.5% in the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after purchasing an additional 360 shares during the last quarter. Assetmark Inc. boosted its position in Invesco Water Resources ETF by 45.4% in the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after purchasing an additional 184 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Invesco Water Resources ETF by 79.3% in the third quarter. Blue Trust Inc. now owns 746 shares of the company’s stock worth $54,000 after purchasing an additional 330 shares during the last quarter.

Invesco Water Resources ETF Price Performance

PHO stock opened at $69.34 on Monday. Invesco Water Resources ETF has a twelve month low of $63.73 and a twelve month high of $74.93. The stock has a market cap of $2.06 billion, a P/E ratio of 25.38 and a beta of 1.06. The business’s 50-day moving average price is $69.37 and its 200-day moving average price is $71.28.

Invesco Water Resources ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1046 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.08.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.