Thryve Wealth Management LLC Makes New $6.81 Million Investment in Invesco Water Resources ETF $PHO

Thryve Wealth Management LLC purchased a new stake in Invesco Water Resources ETF (NASDAQ:PHO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 96,754 shares of the company’s stock, valued at approximately $6,812,000. Invesco Water Resources ETF accounts for 3.4% of Thryve Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Thryve Wealth Management LLC owned 0.33% of Invesco Water Resources ETF at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PHO. NewEdge Advisors LLC raised its holdings in shares of Invesco Water Resources ETF by 5.3% in the first quarter. NewEdge Advisors LLC now owns 16,980 shares of the company’s stock valued at $1,096,000 after purchasing an additional 853 shares during the last quarter. Baird Financial Group Inc. lifted its position in Invesco Water Resources ETF by 8.8% during the 2nd quarter. Baird Financial Group Inc. now owns 13,692 shares of the company’s stock worth $957,000 after buying an additional 1,110 shares in the last quarter. Brown Advisory Inc. lifted its position in Invesco Water Resources ETF by 4.0% during the 2nd quarter. Brown Advisory Inc. now owns 10,776 shares of the company’s stock worth $753,000 after buying an additional 413 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Invesco Water Resources ETF by 2.2% during the 2nd quarter. Cerity Partners LLC now owns 59,490 shares of the company’s stock worth $4,160,000 after buying an additional 1,274 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Invesco Water Resources ETF in the 2nd quarter valued at about $595,000.

Invesco Water Resources ETF Stock Performance

PHO opened at $67.36 on Friday. The business’s 50-day simple moving average is $67.34 and its 200 day simple moving average is $69.79. Invesco Water Resources ETF has a 52-week low of $63.54 and a 52-week high of $74.93. The firm has a market capitalization of $2.05 billion, a PE ratio of 25.38 and a beta of 0.97.

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 issued a $0.1046 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08.

About Invesco Water Resources ETF

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.