Avalon Trust Co Makes New $55,000 Investment in Invesco Water Resources ETF (NASDAQ:PHO)

Avalon Trust Co acquired a new stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 910 shares of the company’s stock, valued at approximately $55,000.

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

Invesco Water Resources ETF Trading Up 1.1 %

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

Invesco Water Resources ETF Dividend Announcement

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

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.