Lyell Wealth Management LP Purchases New Position in Invesco Water Resources ETF $PHO

Lyell Wealth Management LP purchased a new stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,318 shares of the company’s stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PHO. Golden State Wealth Management LLC increased its position in Invesco Water Resources ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock valued at $32,000 after purchasing an additional 248 shares during the period. Farther Finance Advisors LLC lifted its stake in Invesco Water Resources ETF by 84.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,511 shares of the company’s stock valued at $106,000 after acquiring an additional 691 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco Water Resources ETF by 33.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,348 shares of the company’s stock valued at $2,797,000 after acquiring an additional 10,839 shares in the last quarter. LPL Financial LLC lifted its stake in Invesco Water Resources ETF by 10.2% during the 1st quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock valued at $53,357,000 after acquiring an additional 76,821 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of Invesco Water Resources ETF by 2.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 8,424 shares of the company’s stock valued at $589,000 after purchasing an additional 185 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of PHO opened at $74.11 on Tuesday. The business has a 50-day moving average of $72.46 and a 200 day moving average of $69.44. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $74.33. The firm has a market cap of $2.25 billion, a P/E ratio of 25.38 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.093 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.